GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Stock Price Up 1.7% – Here’s What Happened

Shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) shot up 1.7% during mid-day trading on Monday . The stock traded as high as $24.61 and last traded at $23.36. 106,846 shares changed hands during trading, an increase of 60% from the average session volume of 66,758 shares. The stock had previously closed at $22.98.

GraniteShares 2x Long RIVN Daily ETF Trading Down 2.5%

The business has a fifty day simple moving average of $30.08 and a two-hundred day simple moving average of $30.63.

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

A hedge fund recently raised its position in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) by 82.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,558 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. Optiver Holding B.V. owned about 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About GraniteShares 2x Long RIVN Daily ETF

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.