GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Short Interest Down 69.8% in June

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 167,029 shares, a decrease of 69.8% from the June 15th total of 553,947 shares. Currently, 7.8% of the company’s shares are sold short. Based on an average daily volume of 428,782 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RDTL. HRT Financial LP acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter valued at $249,000. Renaissance Technologies LLC acquired a new position in GraniteShares 2x Long RDDT Daily ETF during the 1st quarter worth about $262,000. Simplex Trading LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF during the 4th quarter valued at about $388,000. Genesis Financial Group LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF during the 4th quarter valued at about $2,008,000. Finally, Susquehanna International Group LLP grew its position in GraniteShares 2x Long RDDT Daily ETF by 44.0% in the 3rd quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock valued at $2,074,000 after acquiring an additional 10,838 shares in the last quarter.

GraniteShares 2x Long RDDT Daily ETF Stock Down 5.4%

Shares of NASDAQ:RDTL traded down $1.47 during midday trading on Friday, reaching $25.88. 312,884 shares of the company’s stock were exchanged, compared to its average volume of 581,489. GraniteShares 2x Long RDDT Daily ETF has a fifty-two week low of $11.76 and a fifty-two week high of $89.84. The firm’s 50 day simple moving average is $20.96 and its two-hundred day simple moving average is $25.39.

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.