GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Trading Down 12.7% – Here’s Why

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) shares traded down 12.7% during trading on Thursday . The stock traded as low as $34.06 and last traded at $34.35. 513,004 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 544,121 shares. The stock had previously closed at $39.36.

GraniteShares 2x Long RDDT Daily ETF Stock Down 12.7%

The firm has a fifty day moving average price of $54.66 and a 200 day moving average price of $37.89.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the third quarter valued at about $1,169,000. Simplex Trading LLC acquired a new stake in GraniteShares 2x Long RDDT Daily ETF in the 2nd quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the second quarter worth about $75,000.

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.