GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,205 shares, a decrease of 59.1% from the May 14th total of 5,385 shares. Based on an average trading volume of 85,279 shares, the short-interest ratio is presently 0.0 days. Approximately 0.8% of the shares of the stock are sold short.
GraniteShares 2x Long RIVN Daily ETF Price Performance
Shares of NASDAQ:RVNL traded up $4.28 on Friday, reaching $31.78. 72,686 shares of the company traded hands, compared to its average volume of 54,302. The company’s 50 day moving average is $29.45 and its 200-day moving average is $36.72. GraniteShares 2x Long RIVN Daily ETF has a fifty-two week low of $19.25 and a fifty-two week high of $75.17.
Institutional Investors Weigh In On GraniteShares 2x Long RIVN Daily ETF
An institutional investor recently raised its position in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. lifted its position in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,503 shares of the company’s stock after acquiring an additional 252 shares during the quarter. Optiver Holding B.V. owned approximately 3.13% of GraniteShares 2x Long RIVN Daily ETF worth $281,000 as of its most recent filing with the SEC.
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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