Silver Lake Advisory LLC Makes New Investment in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)

Silver Lake Advisory LLC acquired a new stake in shares of GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,800 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds also recently made changes to their positions in NVDL. Private Ocean LLC bought a new position in GraniteShares 2x Long NVDA Daily ETF in the second quarter valued at $35,000. National Bank of Canada FI bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 2nd quarter valued at about $42,000. Hollencrest Capital Management raised its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 5,677.8% during the 2nd quarter. Hollencrest Capital Management now owns 1,040 shares of the company’s stock valued at $72,000 after buying an additional 1,022 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF in the 2nd quarter worth approximately $72,000. Finally, NBC Securities Inc. purchased a new stake in GraniteShares 2x Long NVDA Daily ETF in the first quarter worth approximately $59,000.

GraniteShares 2x Long NVDA Daily ETF Price Performance

NVDL stock opened at $58.13 on Monday. GraniteShares 2x Long NVDA Daily ETF has a one year low of $11.94 and a one year high of $91.70. The company’s 50 day moving average price is $55.93 and its two-hundred day moving average price is $54.05.

GraniteShares 2x Long NVDA Daily ETF Company Profile

The GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVDL was launched on Dec 13, 2022 and is managed by GraniteShares.