Short Interest in GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Drops By 51.8%

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 289,448 shares, a decline of 51.8% from the July 30th total of 600,403 shares. Currently, 10.6% of the shares of the stock are short sold. Based on an average daily volume of 902,271 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

Institutional investors have recently made changes to their positions in the company. HRT Financial LP acquired a new position in GraniteShares 2x Long RDDT Daily ETF in the 4th quarter valued at $249,000. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Long RDDT Daily ETF during the 1st quarter worth $262,000. Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the fourth quarter worth $388,000. Finally, Susquehanna International Group LLP grew its holdings in shares of 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 buying an additional 10,838 shares in the last quarter.

GraniteShares 2x Long RDDT Daily ETF Trading Down 1.6%

RDTL stock traded down $0.22 during trading on Friday, hitting $13.51. The stock had a trading volume of 415,086 shares, compared to its average volume of 644,546. GraniteShares 2x Long RDDT Daily ETF has a twelve month low of $10.89 and a twelve month high of $89.84. The company’s 50-day moving average price is $19.34 and its two-hundred day moving average price is $18.63.

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.