GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) shares dropped 1% during mid-day trading on Monday. The company traded as low as $13.78 and last traded at $14.14. Approximately 70,840 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 73,729 shares. The stock had previously closed at $14.29.
GraniteShares 2x Long RIVN Daily ETF Trading Up 1.6%
The stock’s fifty day moving average price is $21.95 and its 200 day moving average price is $26.71.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. increased its stake in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,558 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. Optiver Holding B.V. owned 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 at the end of the most recent quarter.
GraniteShares 2x Long RIVN Daily ETF Company Profile
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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