GraniteShares 1.5x Long NVDA Daily ETF Price & Performance (NVDL)

GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is navigating a complex trading environment. While resistance levels at $55.88 present shorting opportunities, breaking above $52.35 could signal a buy. Investors are advised to monitor these pivot points closely, as they indicate potential market strength or weakness for the ETF.12

The semiconductor sector thrived in 2024, driven by AI and cryptocurrency demand. With a 100% industry growth, ETFs like VanEck Semiconductor ETF (SMH) and SPDR Semiconductors ETF (XSD) outperformed. Investors seeking diversification are exploring thematic ETFs, which balance individual stock volatility while offering exposure to this booming industry.3

Leveraged ETFs, like GraniteShares 1.5x Long NVDA Daily ETF (NVDL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL), are gaining traction among short-term traders. These funds amplify daily returns but come with heightened risk. Investors are advised to use them cautiously for speculative strategies rather than long-term holdings.23