GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 870,800 shares, a growth of 27.6% from the May 15th total of 682,700 shares. Based on an average daily trading volume, of 4,673,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 31.8% of the shares of the company are short sold.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of GraniteShares 2x Short NVDA Daily ETF in the fourth quarter worth about $31,000. Simplex Trading LLC boosted its position in GraniteShares 2x Short NVDA Daily ETF by 114.3% during the first quarter. Simplex Trading LLC now owns 4,758 shares of the company’s stock worth $164,000 after purchasing an additional 2,538 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in GraniteShares 2x Short NVDA Daily ETF during the fourth quarter worth approximately $300,000. Jump Financial LLC purchased a new position in GraniteShares 2x Short NVDA Daily ETF during the first quarter worth approximately $1,284,000. Finally, Jane Street Group LLC boosted its position in GraniteShares 2x Short NVDA Daily ETF by 85.9% during the first quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock worth $2,032,000 after purchasing an additional 27,126 shares in the last quarter.

GraniteShares 2x Short NVDA Daily ETF Stock Down 1.9%

Shares of NVD opened at $15.00 on Friday. GraniteShares 2x Short NVDA Daily ETF has a 52 week low of $14.82 and a 52 week high of $84.50. The company has a market capitalization of $41.10 million, a price-to-earnings ratio of -125.00 and a beta of -4.30. The stock’s 50-day moving average price is $21.72 and its 200-day moving average price is $27.27.

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.