GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 84,042 shares, a decrease of 70.5% from the May 14th total of 284,985 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average trading volume of 726,719 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in GraniteShares 2x Long RDDT Daily ETF during the first quarter worth $262,000. HRT Financial LP acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter valued at $249,000. Simplex Trading LLC acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter valued at $388,000. Genesis Financial Group LLC acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter valued at $2,008,000. Finally, Susquehanna International Group LLP raised its stake in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% in the third quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock valued at $2,074,000 after acquiring an additional 10,838 shares in the last quarter.
GraniteShares 2x Long RDDT Daily ETF Stock Down 12.8%
NASDAQ:RDTL traded down $2.79 during trading hours on Friday, reaching $18.96. 705,566 shares of the stock were exchanged, compared to its average volume of 600,490. The business has a 50-day moving average of $19.04 and a two-hundred day moving average of $29.05. GraniteShares 2x Long RDDT Daily ETF has a twelve month low of $11.76 and a twelve month 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.
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