GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 8,016 shares, a growth of 346.8% from the June 15th total of 1,794 shares. Based on an average daily volume of 66,393 shares, the short-interest ratio is currently 0.1 days. Currently, 1.9% of the company’s shares are sold short.
GraniteShares 2x Long RIVN Daily ETF Trading Down 6.9%
NASDAQ RVNL traded down $2.33 on Friday, reaching $31.33. The company had a trading volume of 96,076 shares, compared to its average volume of 62,611. The stock’s 50 day moving average is $28.78 and its 200-day moving average is $34.35. GraniteShares 2x Long RIVN Daily ETF has a 52 week low of $19.25 and a 52 week high of $75.17.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,558 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. Optiver Holding B.V. owned 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 as of its most recent SEC filing.
GraniteShares 2x Long RIVN Daily ETF Company Profile
GraniteShares ETF Trust – GraniteShares 2x Long RIVN 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 automotive industry, designing, developing and manufacturing electric vehicles and accessories sectors. It uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.
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