Interactive Brokers: Stock split boosts trading activity in NVIDIA shares
Interactive Brokers stated that NVIDIA's stock has seen high trading activity after the split, ranking first in total trading volume. Apple's trading activity has also increased, with the stock price hitting a new all-time high
Zhitong Finance APP learned that Interactive Brokers stated that after the recent stock split of NVIDIA (NVDA.US), the trading activity of the stock on its trading platform has been very high, while the trading activity of Apple (AAPL.US), which has shown some recent recovery, has also increased.
The latest report from Interactive Brokers shows that in the past five trading days ending on June 18th, the total volume of stock and options trading for NVIDIA was 5.713 million transactions, ranking first. Interactive Brokers CEO Steve Sosnick said, "We often say that this is NVIDIA's market, and we all trade in it. This week is no exception." He added that NVIDIA remains at the top of the list of the 25 most actively traded stocks with a significant amount of net buying activity, undoubtedly benefiting from the recent stock split.
It is worth mentioning that the GraniteShares 2x Long NVDA Daily ETF (NVDL.US) ranks 19th on the list. This ETF is leveraged two times to go long on NVIDIA.
Meanwhile, Apple has risen one spot on the latest list to fourth place, with a total trading volume of 2.841 million transactions for its stock and options. After Apple launched Apple Intelligence, the stock price recently hit a historical high of over $220. Wedbush analyst Dan Ives stated that Apple's artificial intelligence capabilities will drive the company to achieve a market value of $4 trillion within a year.
