GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Shares Gap Up – Here’s Why

by · The Markets Daily

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $3.99, but opened at $4.26. GraniteShares 2x Short NVDA Daily ETF shares last traded at $4.2350, with a volume of 75,448,941 shares traded.

GraniteShares 2x Short NVDA Daily ETF Trading Up 6.1%

The stock has a market capitalization of $591.20 billion, a P/E ratio of -35.29 and a beta of -3.08. The stock’s fifty day moving average price is $4.42 and its two-hundred day moving average price is $5.35.

Institutional Trading of GraniteShares 2x Short NVDA Daily ETF

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

About GraniteShares 2x Short NVDA Daily ETF

(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.

Read More