GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Short Interest Up 38.5% in March

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 880,602 shares, a growth of 38.5% from the February 26th total of 635,906 shares. Based on an average daily volume of 531,709 shares, the short-interest ratio is currently 1.7 days. Currently, 65.7% of the shares of the company are short sold.

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

Several hedge funds have recently added to or reduced their stakes in the business. Genesis Financial Group LLC acquired a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter valued at $2,008,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 3rd quarter worth about $1,169,000. Susquehanna International Group LLP lifted its stake in shares of 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 worth $2,074,000 after buying an additional 10,838 shares during the last quarter. Simplex Trading LLC bought a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter worth about $388,000. Finally, HRT Financial LP bought a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter worth about $249,000.

GraniteShares 2x Long RDDT Daily ETF Stock Performance

Shares of RDTL traded up $0.49 during mid-day trading on Monday, reaching $12.69. The company’s stock had a trading volume of 517,894 shares, compared to its average volume of 570,977. GraniteShares 2x Long RDDT Daily ETF has a 1-year low of $9.72 and a 1-year high of $89.84. The business has a 50-day simple moving average of $21.95 and a two-hundred day simple moving average of $40.34.

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.