GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 2,205 shares, a decline of 59.1% from the May 14th total of 5,385 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 85,279 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On GraniteShares 2x Long RIVN Daily ETF
A hedge fund recently raised its stake in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 3.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,503 shares of the company’s stock after purchasing an additional 252 shares during the quarter. Optiver Holding B.V. owned about 3.13% of GraniteShares 2x Long RIVN Daily ETF worth $281,000 at the end of the most recent quarter.
GraniteShares 2x Long RIVN Daily ETF Stock Up 15.6%
GraniteShares 2x Long RIVN Daily ETF stock traded up $4.28 during trading hours on Friday, reaching $31.78. 72,686 shares of the company were exchanged, compared to its average volume of 54,302. The stock has a 50-day moving average of $29.45 and a 200 day moving average of $36.72. GraniteShares 2x Long RIVN Daily ETF has a 12 month low of $19.25 and a 12 month high of $75.17.
About GraniteShares 2x Long RIVN Daily ETF
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.
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