GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Short Interest Up 143.8% in August

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 11,788 shares, an increase of 143.8% from the July 30th total of 4,836 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily volume of 56,238 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in GraniteShares 2x Long RIVN Daily ETF stock. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,089 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned 1.78% of GraniteShares 2x Long RIVN Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long RIVN Daily ETF Price Performance

Shares of RVNL stock traded down $3.51 on Friday, reaching $23.79. 125,185 shares of the company were exchanged, compared to its average volume of 67,576. The company has a 50-day moving average of $28.05 and a 200-day moving average of $29.53. 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.