GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Get Free Report) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 1,611,629 shares, an increase of 244.1% from the October 15th total of 468,414 shares. Based on an average daily volume of 1,364,377 shares, the short-interest ratio is presently 1.2 days. Currently, 22.5% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Simplex Trading LLC bought a new stake in GraniteShares 2x Long RDDT Daily ETF during the 3rd quarter worth approximately $32,000. Parallel Advisors LLC bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the third quarter valued at $58,000. StoneX Group Inc. bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the third quarter valued at $133,000. Finally, Renaissance Technologies LLC bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the first quarter valued at $262,000.
GraniteShares 2x Long RDDT Daily ETF Price Performance
GraniteShares 2x Long RDDT Daily ETF stock traded down $0.54 during trading hours on Thursday, hitting $4.15. The stock had a trading volume of 1,268,038 shares, compared to its average volume of 728,530. GraniteShares 2x Long RDDT Daily ETF has a one year low of $3.31 and a one year high of $65.00. The business’s 50 day simple moving average is $11.10 and its 200-day simple moving average is $17.17.
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.
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