GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 600,403 shares, a growth of 568.3% from the July 15th total of 89,836 shares. Based on an average trading volume of 1,047,084 shares, the days-to-cover ratio is currently 0.6 days. Approximately 21.9% of the shares of the company are short sold.
GraniteShares 2x Long RDDT Daily ETF Price Performance
Shares of RDTL traded down $0.50 during trading hours on Wednesday, reaching $14.12. 289,212 shares of the company’s stock traded hands, compared to its average volume of 624,409. GraniteShares 2x Long RDDT Daily ETF has a twelve month low of $10.89 and a twelve month high of $89.84. The business’s fifty day simple moving average is $21.20 and its two-hundred day simple moving average is $20.04.
Hedge Funds Weigh In On GraniteShares 2x Long RDDT Daily ETF
A number of institutional investors and hedge funds have recently bought and sold shares of RDTL. Renaissance Technologies LLC acquired a new position in GraniteShares 2x Long RDDT Daily ETF during the 1st quarter valued at about $262,000. HRT Financial LP acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the 4th quarter worth approximately $249,000. Simplex Trading LLC acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the 4th quarter worth approximately $388,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% in the third quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock valued at $2,074,000 after acquiring an additional 10,838 shares in the last quarter.
About GraniteShares 2x Long RDDT Daily ETF
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.
Further Reading
- Five stocks we like better than GraniteShares 2x Long RDDT Daily ETF
- On Holding’s Price Stumble May Be an Opening for a Company Built to Run
- TSMC’s 44.7% Sales Surge Signals the AI Boom Is Still Alive
- CoreWeave’s $129 Billion AI Backlog Changes the Bull Case
- Tesla’s Robotaxi Reality Check: Time to Deliver
Receive News & Ratings for GraniteShares 2x Long RDDT Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Long RDDT Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
