GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Short Interest Update

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the recipient of a significant growth in short interest in 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 trading volume of 1,047,084 shares, the days-to-cover ratio is currently 0.6 days. Currently, 21.9% of the shares of the company are short sold.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RDTL. Simplex Trading LLC acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter worth approximately $388,000. Susquehanna International Group LLP lifted its stake in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% in 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. HRT Financial LP acquired a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the 4th quarter valued at $249,000. Finally, Renaissance Technologies LLC purchased a new stake in GraniteShares 2x Long RDDT Daily ETF during the first quarter worth $262,000.

GraniteShares 2x Long RDDT Daily ETF Trading Up 6.6%

Shares of GraniteShares 2x Long RDDT Daily ETF stock traded up $0.93 during trading on Thursday, reaching $15.10. 322,787 shares of the stock traded hands, compared to its average volume of 624,286. The business has a fifty day simple moving average of $21.06 and a two-hundred day simple moving average of $19.84. GraniteShares 2x Long RDDT Daily ETF has a 52-week low of $10.89 and a 52-week high of $89.84.

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.