GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update
by Amy Steele · The Cerbat GemGraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,525,440 shares, a decrease of 19.5% from the February 12th total of 1,894,471 shares. Based on an average daily volume of 59,127,686 shares, the short-interest ratio is presently 0.0 days. Currently, 13.4% of the shares of the company are sold short. Currently, 13.4% of the shares of the company are sold short. Based on an average daily volume of 59,127,686 shares, the short-interest ratio is presently 0.0 days.
GraniteShares 2x Short NVDA Daily ETF Price Performance
Shares of NVD traded up $0.22 during mid-day trading on Friday, hitting $7.21. The stock had a trading volume of 124,603,513 shares, compared to its average volume of 67,652,438. GraniteShares 2x Short NVDA Daily ETF has a 52 week low of $6.12 and a 52 week high of $51.62. The business has a fifty day moving average price of $7.06 and a 200-day moving average price of $8.16. The firm has a market cap of $82.27 million, a P/E ratio of -60.08 and a beta of -3.35.
GraniteShares 2x Short NVDA Daily ETF Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a dividend of $0.8456 per share. This represents a c) dividend on an annualized basis and a yield of 140.7%. The ex-dividend date was Monday, December 29th. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is currently -700.00%.
Institutional Trading of GraniteShares 2x Short NVDA Daily ETF
Institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its stake in GraniteShares 2x Short NVDA Daily ETF by 85.9% in the 1st quarter. Jane Street Group LLC now owns 58,700 shares of the company’s stock valued at $2,032,000 after buying an additional 27,126 shares in the last quarter. StoneX Group Inc. boosted its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% in the second quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after acquiring an additional 7,200 shares during the period. Jump Financial LLC boosted its holdings in shares of GraniteShares 2x Short NVDA Daily ETF by 402.9% in the second quarter. Jump Financial LLC now owns 186,494 shares of the company’s stock worth $2,357,000 after acquiring an additional 149,408 shares during the period. Group One Trading LLC grew its position in shares of GraniteShares 2x Short NVDA Daily ETF by 43.6% in the second quarter. Group One Trading LLC now owns 17,241 shares of the company’s stock valued at $218,000 after purchasing an additional 5,237 shares in the last quarter. Finally, Trek Financial LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the 3rd quarter valued at $8,056,000.
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.