GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Stock Price Up 1.2% – What’s Next?

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD)’s stock price rose 1.2% during mid-day trading on Friday . The company traded as high as $8.65 and last traded at $8.52. Approximately 26,762,868 shares were traded during mid-day trading, an increase of 97% from the average daily volume of 13,570,394 shares. The stock had previously closed at $8.42.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

The stock has a market capitalization of $166.14 million, a PE ratio of -71.00 and a beta of -3.35. The business’s 50-day moving average is $8.40 and its two-hundred day moving average is $10.81.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

Institutional investors have recently added to or reduced their stakes in the stock. Trek Financial LLC acquired a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 3rd quarter valued at approximately $8,056,000. Jump Financial LLC increased its stake in GraniteShares 2x Short NVDA Daily ETF by 402.9% in the 2nd quarter. Jump Financial LLC now owns 186,494 shares of the company’s stock valued at $2,357,000 after purchasing an additional 149,408 shares in the last quarter. Jane Street Group LLC raised its holdings 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 during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in GraniteShares 2x Short NVDA Daily ETF during the second quarter worth $384,000. Finally, Group One Trading LLC boosted its position in GraniteShares 2x Short NVDA Daily ETF by 71.7% during the third quarter. Group One Trading LLC now owns 29,607 shares of the company’s stock worth $258,000 after purchasing an additional 12,366 shares in the last quarter.

About GraniteShares 2x Short NVDA Daily ETF

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.