GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Trading Up 1.6% – Here’s What Happened

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) shares were up 1.6% during trading on Thursday . The stock traded as high as $5.24 and last traded at $5.06. Approximately 62,788,236 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 71,376,031 shares. The stock had previously closed at $4.98.

GraniteShares 2x Short NVDA Daily ETF Price Performance

The company has a market cap of $59.35 million, a PE ratio of -42.17 and a beta of -3.06. The business has a 50-day moving average of $4.92 and a 200 day moving average of $6.26.

Institutional Investors Weigh In On GraniteShares 2x Short NVDA Daily ETF

A number of large investors have recently made changes to their positions in the company. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Short NVDA Daily ETF by 1,209.1% during the 1st quarter. Optiver Holding B.V. now owns 175,687 shares of the company’s stock valued at $1,326,000 after purchasing an additional 162,267 shares during the last quarter. Genesis Financial Group LLC lifted its stake in shares of GraniteShares 2x Short NVDA Daily ETF by 67.3% in the 1st quarter. Genesis Financial Group LLC now owns 114,888 shares of the company’s stock worth $867,000 after purchasing an additional 46,225 shares during the period. MWA Asset Management bought a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the 1st quarter worth approximately $83,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter worth approximately $262,000. Finally, IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Short NVDA Daily ETF in the first quarter worth approximately $2,222,000.

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.