GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Down to $35.94

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDLGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $35.94, but opened at $34.60. GraniteShares 2x Long NVDA Daily ETF shares last traded at $35.21, with a volume of 3,303,564 shares.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The stock’s 50 day simple moving average is $34.99 and its two-hundred day simple moving average is $21.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDL. AlphaMark Advisors LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at $34,000. Headlands Technologies LLC lifted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 567.6% during the fourth quarter. Headlands Technologies LLC now owns 494 shares of the company’s stock valued at $44,000 after acquiring an additional 420 shares during the period. NBC Securities Inc. bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at $59,000. Signaturefd LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at $153,000. Finally, UBS Group AG bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the first quarter valued at $153,000.

GraniteShares 2x Long NVDA Daily ETF Company Profile

(Get Free Report)

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.

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