GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,558 shares, a drop of 35.9% from the August 15th total of 11,788 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 95,306 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On GraniteShares 2x Long RIVN Daily ETF
An institutional investor recently raised its position in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. raised its holdings in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,558 shares of the company’s stock after buying an additional 7,030 shares during the period. Optiver Holding B.V. owned about 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 at the end of the most recent quarter.
GraniteShares 2x Long RIVN Daily ETF Stock Performance
GraniteShares 2x Long RIVN Daily ETF stock opened at $21.38 on Friday. The company’s 50-day moving average is $25.72 and its 200-day moving average is $28.53. GraniteShares 2x Long RIVN Daily ETF has a fifty-two week low of $19.25 and a fifty-two week high of $75.17.
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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