GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Get Free Report) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 167,029 shares, a decrease of 69.8% from the June 15th total of 553,947 shares. Approximately 7.8% of the company’s stock are sold short. Based on an average daily trading volume, of 428,782 shares, the days-to-cover ratio is currently 0.4 days.
GraniteShares 2x Long RDDT Daily ETF Stock Performance
RDTL stock traded down $1.47 during midday trading on Friday, hitting $25.88. The company’s stock had a trading volume of 312,884 shares, compared to its average volume of 581,489. The firm has a 50-day simple moving average of $20.96 and a 200-day simple moving average of $25.39. GraniteShares 2x Long RDDT Daily ETF has a 52-week low of $11.76 and a 52-week high of $89.84.
Institutional Trading of GraniteShares 2x Long RDDT Daily ETF
Hedge funds have recently added to or reduced their stakes in the company. Genesis Financial Group LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF in the fourth quarter worth approximately $2,008,000. Susquehanna International Group LLP increased its position in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% in the 3rd quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock valued at $2,074,000 after purchasing an additional 10,838 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the 1st quarter valued at $262,000. Simplex Trading LLC acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the 4th quarter valued at $388,000. Finally, HRT Financial LP purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter worth $249,000.
GraniteShares 2x Long RDDT Daily ETF Company Profile
GraniteShares ETF Trust – GraniteShares 2x Long RDDT 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 information technology, designing, developing, manufacturing, marketing, selling, and supporting a wide range of comprehensive and integrated solutions, products, and services sectors. It uses derivatives such as swaps to create its portfolio.
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