GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – Time to Buy?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $80.58, but opened at $84.32. GraniteShares 2x Long NVDA Daily ETF shares last traded at $83.08, with a volume of 8,023,046 shares traded.

GraniteShares 2x Long NVDA Daily ETF Trading Down 3.6 %

The stock has a fifty day simple moving average of $69.12 and a two-hundred day simple moving average of $63.27.

Hedge Funds Weigh In On GraniteShares 2x Long NVDA Daily ETF

Large investors have recently added to or reduced their stakes in the business. Private Ocean LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter worth approximately $35,000. National Bank of Canada FI purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the second quarter worth $42,000. Hollencrest Capital Management lifted its stake in GraniteShares 2x Long NVDA Daily ETF by 5,677.8% in the second quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock worth $72,000 after purchasing an additional 1,022 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the second quarter worth $72,000. Finally, Centaurus Financial Inc. bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at about $134,000.

GraniteShares 2x Long NVDA Daily ETF Company Profile

The GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVDL was launched on Dec 13, 2022 and is managed by GraniteShares.