GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,836 shares, a decrease of 57.4% from the July 15th total of 11,347 shares. Based on an average daily volume of 94,717 shares, the short-interest ratio is presently 0.1 days. Currently, 1.1% of the company’s stock are sold short.
Institutional Trading of GraniteShares 2x Long RIVN Daily ETF
A hedge fund recently raised its stake in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. grew its stake in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,558 shares of the company’s stock after acquiring an additional 7,030 shares during the quarter. Optiver Holding B.V. owned about 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 Price Performance
Shares of NASDAQ RVNL traded down $1.55 during midday trading on Friday, reaching $23.12. 42,596 shares of the company’s stock traded hands, compared to its average volume of 65,853. The stock’s 50 day simple moving average is $28.84 and its 200-day simple moving average is $29.91. GraniteShares 2x Long RIVN Daily ETF has a one year low of $19.25 and a one year high of $75.17.
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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