Short Interest in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Declines By 25.4%

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 7,280 shares, a decline of 25.4% from the March 15th total of 9,758 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily trading volume, of 38,680 shares, the short-interest ratio is presently 0.2 days.

GraniteShares 2x Long RIVN Daily ETF Trading Up 3.8%

RVNL traded up $1.35 during trading on Friday, hitting $36.72. 53,182 shares of the stock were exchanged, compared to its average volume of 45,970. GraniteShares 2x Long RIVN Daily ETF has a 1-year low of $24.49 and a 1-year high of $75.17. The stock has a fifty day moving average price of $31.27 and a two-hundred day moving average price of $37.84.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long RIVN Daily ETF in the fourth quarter valued at approximately $231,000. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long RIVN Daily ETF by 3.5% in the third quarter. Optiver Holding B.V. now owns 7,503 shares of the company’s stock valued at $281,000 after buying an additional 252 shares in the last quarter. Finally, Austin Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long RIVN Daily ETF in the third quarter valued at approximately $423,000.

About GraniteShares 2x Long RIVN Daily ETF

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.