GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Stock Short Interest Report for October

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 65,141 shares, a growth of 202.5% from the September 30th total of 21,537 shares. Based on an average daily trading volume, of 126,564 shares, the days-to-cover ratio is currently 0.5 days. Currently, 7.4% of the company’s shares are sold short.

GraniteShares 2x Long RIVN Daily ETF Stock Performance

RVNL stock opened at $13.47 on Friday. The company’s 50 day simple moving average is $20.26 and its 200-day simple moving average is $27.72. GraniteShares 2x Long RIVN Daily ETF has a 52-week low of $11.96 and a 52-week high of $75.17.

Institutional Trading of GraniteShares 2x Long RIVN Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. lifted its holdings in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) by 82.4% in the 1st quarter, according to the company in 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 as of its most recent SEC filing.

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.