GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,836 shares, a decrease of 57.4% from the July 15th total of 11,347 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 94,717 shares, the days-to-cover ratio is currently 0.1 days.
GraniteShares 2x Long RIVN Daily ETF Price Performance
RVNL stock traded down $1.55 during trading on Friday, reaching $23.12. 42,596 shares of the company traded hands, compared to its average volume of 65,853. The business has a 50 day simple moving average of $28.84 and a 200 day simple moving average of $29.91. GraniteShares 2x Long RIVN Daily ETF has a 12 month low of $19.25 and a 12 month high of $75.17.
Institutional Trading of GraniteShares 2x Long RIVN Daily ETF
A hedge fund recently bought a new stake in GraniteShares 2x Long RIVN Daily ETF stock. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,089 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned approximately 1.78% of GraniteShares 2x Long RIVN Daily ETF as of its most recent filing with the SEC.
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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