GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Stock Price Down 7.7% – Here’s What Happened

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) shares traded down 7.7% during trading on Friday . The stock traded as low as $47.76 and last traded at $48.40. 280,925 shares were traded during trading, a decline of 47% from the average session volume of 533,117 shares. The stock had previously closed at $52.46.

GraniteShares 2x Long RDDT Daily ETF Trading Down 7.7%

The company has a fifty day simple moving average of $43.48 and a 200 day simple moving average of $42.92.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

Institutional investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC bought a new position in GraniteShares 2x Long RDDT Daily ETF during the 2nd quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the second quarter worth $75,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long RDDT Daily ETF during the third quarter worth $1,169,000. Finally, Susquehanna International Group LLP raised its stake in GraniteShares 2x Long RDDT Daily ETF by 44.0% during the third quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock worth $2,074,000 after buying an additional 10,838 shares during the last quarter.

GraniteShares 2x Long RDDT Daily ETF Company Profile

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.