Artificial-intelligence bulls are increasingly gravitating toward an ETF that amps up bets on Nvidia Corp as trading volumes and inflows hit all-time highs. After notching a record $252 million in fresh capital last week, the GraniteShares 2x Long NVDA Daily exchange-traded fund (ticker NVDL) saw its second-biggest trading volume on Monday as Wall Street’s AI darling extended its Friday retreat. The fund, which gives investors two times the daily return of the underlying stock, has grown to $1.
4 billion since launching at the end of 2022. NVDA has become a vehicle for investors big and small who are steadfast in their conviction that the Jensen Huang-led firm is riding profound technological shifts in the global economy that will create new wealth-generating opportunities in the stock market. ADVERTISEMENT CONTINUE READING BELOW On Friday when Nvidia dropped nearly 6%, the fund clocked in record trading volumes, with over $2 billion worth of NVDL exchanging hand
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