GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Get Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 167,029 shares, a decline of 69.8% from the June 15th total of 553,947 shares. Based on an average daily trading volume, of 428,782 shares, the days-to-cover ratio is currently 0.4 days. Currently, 7.8% of the company’s shares are sold short.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter worth about $2,008,000. HRT Financial LP purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter valued at about $249,000. Renaissance Technologies LLC acquired a new position in GraniteShares 2x Long RDDT Daily ETF during the 1st quarter worth approximately $262,000. Simplex Trading LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF in the 4th quarter worth approximately $388,000. Finally, Susquehanna International Group LLP boosted its holdings in GraniteShares 2x Long RDDT Daily ETF by 44.0% in the 3rd quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock worth $2,074,000 after acquiring an additional 10,838 shares during the period.
GraniteShares 2x Long RDDT Daily ETF Stock Performance
Shares of RDTL stock traded up $1.84 during mid-day trading on Monday, reaching $27.72. The company’s stock had a trading volume of 270,332 shares, compared to its average volume of 578,888. The company’s 50 day simple moving average is $20.96 and its 200-day simple moving average is $25.20. GraniteShares 2x Long RDDT Daily ETF has a 12-month low of $11.76 and a 12-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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