IHT Wealth Management LLC Sells 679,520 Shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD)

IHT Wealth Management LLC trimmed its holdings in shares of GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) by 98.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,480 shares of the company’s stock after selling 679,520 shares during the period. IHT Wealth Management LLC owned approximately 0.39% of GraniteShares 2x Short NVDA Daily ETF worth $315,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in GraniteShares 2x Short NVDA Daily ETF during the 4th quarter valued at about $31,000. Trek Financial LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the fourth quarter worth approximately $5,742,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the fourth quarter valued at approximately $300,000.

GraniteShares 2x Short NVDA Daily ETF Price Performance

NVD stock opened at $26.82 on Monday. The business has a fifty day moving average price of $31.50 and a 200 day moving average price of $30.47. GraniteShares 2x Short NVDA Daily ETF has a fifty-two week low of $22.16 and a fifty-two week high of $143.25. The stock has a market capitalization of $59.27 million, a price-to-earnings ratio of -223.50 and a beta of -4.30.

GraniteShares 2x Short NVDA Daily ETF Company Profile

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.