Stocks
Nvidia's Record Buyback Boosts Leveraged ETF to Top Trading List
Nvidia's massive $150 billion share-repurchase authorization has put the GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) at the center of market attention.
The move, announced on Monday, lifted Nvidia's remaining buyback capacity to $235 billion and sent its shares up by over 2% in a single day.
The GraniteShares 2x Short NVDA Daily ETF, which seeks to deliver -2x Nvidia's daily return before fees and expenses, saw trading volume reach 83.9 million shares on Monday, with an average daily trading volume of around 77.6 million.
This heavy trading activity highlights how investors are using leveraged ETFs to express short-term views on Nvidia rather than simply holding the stock.