GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Sees Large Increase in Short Interest

by · The Cerbat Gem

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,894,471 shares, a growth of 24.3% from the January 29th total of 1,524,164 shares. Approximately 16.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,574,578 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 55,574,578 shares, the short-interest ratio is currently 0.0 days. Approximately 16.6% of the shares of the stock are short sold.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

A number of institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its position in GraniteShares 2x Short NVDA Daily ETF by 261.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 5,186 shares of the company’s stock valued at $45,000 after buying an additional 3,750 shares during the period. Group One Trading LLC grew its stake in 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 worth $218,000 after purchasing an additional 5,237 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in GraniteShares 2x Short NVDA Daily ETF during the fourth quarter valued at $43,000. StoneX Group Inc. grew its position in shares of GraniteShares 2x Short NVDA Daily ETF by 83.0% in the 2nd quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock worth $201,000 after buying an additional 7,200 shares during the period. Finally, MWA Asset Management purchased a new position in GraniteShares 2x Short NVDA Daily ETF during the 3rd quarter valued at about $87,000.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

GraniteShares 2x Short NVDA Daily ETF stock traded up $0.36 during mid-day trading on Tuesday, hitting $7.44. 13,157,939 shares of the company traded hands, compared to its average volume of 58,507,613. The stock has a market cap of $84.94 million, a price-to-earnings ratio of -61.97 and a beta of -3.35. GraniteShares 2x Short NVDA Daily ETF has a one year low of $6.12 and a one year high of $51.62. The stock has a fifty day moving average price of $7.12 and a 200-day moving average price of $8.32.

GraniteShares 2x Short NVDA Daily ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a dividend of $0.8456 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 136.3%. GraniteShares 2x Short NVDA Daily ETF’s dividend payout ratio (DPR) is -700.00%.

GraniteShares 2x Short NVDA Daily ETF Company Profile

(Get Free Report)

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.

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