GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up – Here’s What Happened

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped up prior to trading on Wednesday . The stock had previously closed at $47.85, but opened at $50.32. GraniteShares 2x Long NVDA Daily ETF shares last traded at $50.66, with a volume of 7,604,987 shares traded.

GraniteShares 2x Long NVDA Daily ETF Stock Up 9.0 %

The stock’s fifty day simple moving average is $68.10 and its 200-day simple moving average is $65.32.

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

Large investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new position in GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth about $27,000. Spire Wealth Management bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the fourth quarter valued at approximately $78,000. Centaurus Financial Inc. bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at approximately $134,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 144.9% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 2,535 shares of the company’s stock valued at $148,000 after buying an additional 1,500 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at approximately $153,000.

About GraniteShares 2x Long NVDA Daily ETF

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.