GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Short Interest Update

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 7,280 shares, a drop of 25.4% from the March 15th total of 9,758 shares. Based on an average daily trading volume, of 38,680 shares, the short-interest ratio is currently 0.2 days. Approximately 2.7% of the company’s shares are short sold.

Institutional Trading of GraniteShares 2x Long RIVN Daily ETF

A number of hedge funds have recently added to or reduced their stakes in RVNL. Austin Wealth Management LLC acquired a new position in shares of GraniteShares 2x Long RIVN Daily ETF in the 3rd quarter valued at about $423,000. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long RIVN Daily ETF by 3.5% in the 3rd quarter. Optiver Holding B.V. now owns 7,503 shares of the company’s stock valued at $281,000 after purchasing an additional 252 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long RIVN Daily ETF in the 4th quarter valued at about $231,000.

GraniteShares 2x Long RIVN Daily ETF Stock Up 5.4%

NASDAQ:RVNL traded up $1.82 during mid-day trading on Thursday, reaching $35.37. The company’s stock had a trading volume of 65,019 shares, compared to its average volume of 45,825. The company’s fifty day simple moving average is $31.27 and its two-hundred day simple moving average is $37.84. GraniteShares 2x Long RIVN Daily ETF has a twelve month low of $24.49 and a twelve month high of $75.17.

GraniteShares 2x Long RIVN Daily ETF Company Profile

GraniteShares ETF Trust – GraniteShares 2x Long RIVN Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across automotive industry, designing, developing and manufacturing electric vehicles and accessories sectors. It uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.