GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 8,016 shares, an increase of 346.8% from the June 15th total of 1,794 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 66,393 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in GraniteShares 2x Long RIVN Daily ETF stock. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,089 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned 1.78% of GraniteShares 2x Long RIVN Daily ETF as of its most recent SEC filing.
GraniteShares 2x Long RIVN Daily ETF Trading Down 3.7%
RVNL stock traded down $1.15 during midday trading on Monday, reaching $30.18. 52,352 shares of the company’s stock traded hands, compared to its average volume of 62,541. The company has a 50-day moving average price of $28.71 and a two-hundred day moving average price of $33.85. GraniteShares 2x Long RIVN Daily ETF has a 52 week low of $19.25 and a 52 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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