GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) Short Interest Update

GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 122,000 shares, a decrease of 96.8% from the October 15th total of 3,790,000 shares. Based on an average daily volume of 1,505,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NVD. Headlands Technologies LLC bought a new stake in GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at $33,000. Midland Wealth Advisors LLC acquired a new position in GraniteShares 2x Short NVDA Daily ETF in the 2nd quarter valued at approximately $44,000. Ground Swell Capital LLC lifted its position in shares of GraniteShares 2x Short NVDA Daily ETF by 117.5% in the 2nd quarter. Ground Swell Capital LLC now owns 21,929 shares of the company’s stock worth $48,000 after acquiring an additional 11,847 shares during the period. Finally, Scientech Research LLC bought a new stake in shares of GraniteShares 2x Short NVDA Daily ETF during the second quarter valued at approximately $178,000.

GraniteShares 2x Short NVDA Daily ETF Stock Performance

Shares of GraniteShares 2x Short NVDA Daily ETF stock traded down $1.20 during midday trading on Tuesday, reaching $27.77. 1,999,281 shares of the company’s stock traded hands, compared to its average volume of 859,325. The company’s 50 day simple moving average is $40.02 and its 200 day simple moving average is $58.62. GraniteShares 2x Short NVDA Daily ETF has a 52 week low of $27.25 and a 52 week high of $636.29. The company has a market cap of $82.20 million, a price-to-earnings ratio of -241.42 and a beta of -4.30.

About GraniteShares 2x Short NVDA Daily ETF

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.