GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Short Interest Up 568.3% in July

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 600,403 shares, a growth of 568.3% from the July 15th total of 89,836 shares. Based on an average daily volume of 1,047,084 shares, the days-to-cover ratio is currently 0.6 days. Approximately 21.9% of the shares of the company are short sold.

Institutional Investors Weigh In On GraniteShares 2x Long RDDT Daily ETF

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

GraniteShares 2x Long RDDT Daily ETF Stock Down 3.4%

RDTL stock traded down $0.50 during trading on Wednesday, hitting $14.12. 289,212 shares of the company’s stock traded hands, compared to its average volume of 624,409. GraniteShares 2x Long RDDT Daily ETF has a 52 week low of $10.89 and a 52 week high of $89.84. The stock has a fifty day moving average price of $21.20 and a two-hundred day moving average price of $20.04.

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. It uses derivatives such as swaps to create its portfolio.