GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Get Free Report) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 137,236 shares, a drop of 43.7% from the August 31st total of 243,572 shares. Based on an average trading volume of 625,126 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.3% of the shares of the company are short sold.
Institutional Investors Weigh In On GraniteShares 2x Long RDDT Daily ETF
An institutional investor recently bought a new stake in GraniteShares 2x Long RDDT Daily ETF stock. Renaissance Technologies LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,700 shares of the company’s stock, valued at approximately $262,000. Renaissance Technologies LLC owned 0.63% of GraniteShares 2x Long RDDT Daily ETF at the end of the most recent reporting period.
GraniteShares 2x Long RDDT Daily ETF Price Performance
NASDAQ:RDTL traded down $0.45 on Wednesday, reaching $11.32. 804,736 shares of the company’s stock were exchanged, compared to its average volume of 651,405. The stock has a fifty day simple moving average of $14.75 and a 200-day simple moving average of $17.97. GraniteShares 2x Long RDDT Daily ETF has a 52 week low of $10.89 and a 52 week high of $65.00.
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.
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