Short Interest in GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Drops By 59.7%

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVDGet Free Report) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 148,700 shares, a drop of 59.7% from the February 13th total of 368,700 shares. Currently, 5.5% of the company’s stock are sold short. Based on an average trading volume of 3,497,900 shares, the short-interest ratio is presently 0.0 days.

GraniteShares 2x Short NVDA Daily ETF Trading Down 9.9 %

GraniteShares 2x Short NVDA Daily ETF stock traded down $3.11 during midday trading on Friday, hitting $28.15. The stock had a trading volume of 4,309,321 shares, compared to its average volume of 4,446,666. The business has a fifty day moving average price of $28.60 and a 200 day moving average price of $33.71. GraniteShares 2x Short NVDA Daily ETF has a 12 month low of $22.16 and a 12 month high of $171.50. The stock has a market cap of $75.44 million, a P/E ratio of -234.58 and a beta of -4.30.

GraniteShares 2x Short NVDA Daily ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were issued a $2.608 dividend. The ex-dividend date was Friday, December 27th. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is -2,166.67%.

Institutional Investors Weigh In On GraniteShares 2x Short NVDA Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in NVD. SBI Securities Co. Ltd. bought a new stake in GraniteShares 2x Short NVDA Daily ETF during the fourth quarter valued at $31,000. Tower Research Capital LLC TRC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 4th quarter valued at about $300,000. Trek Financial LLC acquired a new stake in GraniteShares 2x Short NVDA Daily ETF during the fourth quarter worth about $5,742,000. Finally, IHT Wealth Management LLC bought a new position in GraniteShares 2x Short NVDA Daily ETF in the third quarter worth about $1,232,000.

About GraniteShares 2x Short NVDA Daily ETF

(Get Free Report)

The GraniteShares 2x Short NVDA Daily ETF (NVD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVD was launched on Aug 21, 2023 and is issued by GraniteShares.

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