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

Shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) gapped up prior to trading on Tuesday . The stock had previously closed at $48.41, but opened at $51.04. GraniteShares 2x Long NVDA Daily ETF shares last traded at $49.02, with a volume of 16,015,255 shares trading hands.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The business’s 50 day simple moving average is $71.29 and its 200 day simple moving average is $66.14.

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

Several large investors have recently modified their holdings of the stock. Weaver Consulting Group raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 4.7% in the third quarter. Weaver Consulting Group now owns 4,472 shares of the company’s stock valued at $260,000 after purchasing an additional 200 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 3.6% in the third quarter. SeaCrest Wealth Management LLC now owns 6,339 shares of the company’s stock valued at $369,000 after purchasing an additional 221 shares during the period. Brookstone Capital Management raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 1.0% in the fourth quarter. Brookstone Capital Management now owns 38,231 shares of the company’s stock valued at $2,538,000 after purchasing an additional 373 shares during the period. AlphaMark Advisors LLC raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 11.4% in the third quarter. AlphaMark Advisors LLC now owns 6,774 shares of the company’s stock valued at $394,000 after purchasing an additional 694 shares during the period. Finally, Flagstar Advisors Inc. raised its position in shares of GraniteShares 2x Long NVDA Daily ETF by 24.3% in the third quarter. Flagstar Advisors Inc. now owns 4,294 shares of the company’s stock valued at $250,000 after purchasing an additional 840 shares during the period.

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.