IMC Chicago LLC Takes $1.87 Million Position in GraniteShares 2x Long NVDA Daily ETF $NVDL

IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,976 shares of the company’s stock, valued at approximately $1,870,000.

Several other hedge funds have also recently added to or reduced their stakes in NVDL. Chung Wu Investment Group LLC grew its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 350.0% during the third quarter. Chung Wu Investment Group LLC now owns 900 shares of the company’s stock worth $84,000 after buying an additional 700 shares in the last quarter. CWM LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the 3rd quarter valued at about $94,000. Spire Wealth Management grew its stake in GraniteShares 2x Long NVDA Daily ETF by 3,483.3% during the 3rd quarter. Spire Wealth Management now owns 1,075 shares of the company’s stock valued at $101,000 after acquiring an additional 1,045 shares in the last quarter. Headlands Technologies LLC raised its holdings in GraniteShares 2x Long NVDA Daily ETF by 953.1% in the 2nd quarter. Headlands Technologies LLC now owns 1,685 shares of the company’s stock valued at $119,000 after acquiring an additional 1,525 shares during the last quarter. Finally, New Millennium Group LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $133,000.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

Shares of GraniteShares 2x Long NVDA Daily ETF stock opened at $84.88 on Friday. The stock’s 50 day simple moving average is $85.72 and its 200-day simple moving average is $88.12. GraniteShares 2x Long NVDA Daily ETF has a 1-year low of $23.12 and a 1-year high of $118.50.

GraniteShares 2x Long NVDA Daily ETF 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.