GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 489,908 shares, an increase of 257.0% from the September 15th total of 137,236 shares. Based on an average daily volume of 741,231 shares, the short-interest ratio is currently 0.7 days. Currently, 9.6% of the shares of the company are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in GraniteShares 2x Long RDDT Daily ETF stock. Renaissance Technologies LLC purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.
GraniteShares 2x Long RDDT Daily ETF Price Performance
Shares of NASDAQ RDTL traded up $0.62 during midday trading on Friday, hitting $14.14. 588,446 shares of the stock traded hands, compared to its average volume of 648,982. The firm has a 50-day moving average of $13.71 and a two-hundred day moving average of $17.76. GraniteShares 2x Long RDDT Daily ETF has a one year low of $10.89 and a one year 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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