GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $31.21

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $31.21, but opened at $32.20. GraniteShares 2x Long NVDA Daily ETF shares last traded at $32.30, with a volume of 5,020,038 shares traded.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The company’s 50 day moving average is $35.43 and its 200 day moving average is $21.95.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NVDL. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long NVDA Daily ETF in the first quarter valued at about $5,753,000. Clarity Capital Partners LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the fourth quarter worth about $1,648,000. SeaCrest Wealth Management LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the first quarter worth about $695,000. Capital CS Group LLC boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 519.0% during the first quarter. Capital CS Group LLC now owns 16,489 shares of the company’s stock worth $684,000 after buying an additional 13,825 shares in the last quarter. Finally, Hoey Investments Inc. boosted its holdings in GraniteShares 2x Long NVDA Daily ETF by 432.6% during the third quarter. Hoey Investments Inc. now owns 13,182 shares of the company’s stock worth $1,118,000 after buying an additional 10,707 shares in the last quarter.

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.