GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Short Interest Update

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 89,836 shares, a drop of 46.2% from the June 30th total of 167,029 shares. Based on an average daily volume of 419,764 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.5% of the shares of the stock are sold short.

GraniteShares 2x Long RDDT Daily ETF Stock Performance

GraniteShares 2x Long RDDT Daily ETF stock traded down $0.23 during trading on Thursday, reaching $20.66. 220,723 shares of the company were exchanged, compared to its average volume of 560,859. The stock’s 50 day simple moving average is $21.89 and its two-hundred day simple moving average is $22.38. GraniteShares 2x Long RDDT Daily ETF has a 52-week low of $11.76 and a 52-week high of $89.84.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RDTL. Genesis Financial Group LLC acquired a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter valued at about $2,008,000. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Long RDDT Daily ETF during the first quarter worth about $262,000. Susquehanna International Group LLP increased its position in GraniteShares 2x Long RDDT Daily ETF by 44.0% during the third quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock worth $2,074,000 after purchasing an additional 10,838 shares during the last quarter. Simplex Trading LLC acquired a new stake in GraniteShares 2x Long RDDT Daily ETF during the fourth quarter worth about $388,000. Finally, HRT Financial LP purchased a new position in GraniteShares 2x Long RDDT Daily ETF during the fourth quarter worth about $249,000.

About GraniteShares 2x Long RDDT Daily ETF

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.