GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 11,788 shares, an increase of 143.8% from the July 30th total of 4,836 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average trading volume of 56,238 shares, the short-interest ratio is presently 0.2 days.
GraniteShares 2x Long RIVN Daily ETF Trading Down 12.9%
Shares of RVNL traded down $3.51 during trading hours on Friday, reaching $23.79. 125,185 shares of the company traded hands, compared to its average volume of 67,576. The company’s fifty day moving average price is $28.05 and its two-hundred day moving average price is $29.53. GraniteShares 2x Long RIVN Daily ETF has a 12 month low of $19.25 and a 12 month high of $75.17.
Institutional Trading of GraniteShares 2x Long RIVN Daily ETF
An institutional investor recently bought a new stake in GraniteShares 2x Long RIVN Daily ETF stock. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,089 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned 1.78% of GraniteShares 2x Long RIVN Daily ETF at the end of the most recent reporting period.
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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