GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Sees Large Decrease in Short Interest

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 137,236 shares, a drop of 43.7% from the August 31st total of 243,572 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily volume of 625,126 shares, the days-to-cover ratio is presently 0.2 days.

GraniteShares 2x Long RDDT Daily ETF Trading Down 3.8%

Shares of RDTL traded down $0.45 during midday trading on Wednesday, hitting $11.32. 804,736 shares of the company traded hands, compared to its average volume of 651,405. GraniteShares 2x Long RDDT Daily ETF has a one year low of $10.89 and a one year high of $65.00. The stock has a 50-day moving average of $14.75 and a 200-day moving average of $17.97.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long RDDT Daily ETF stock. Renaissance Technologies LLC bought a new position in GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 17,700 shares of the company’s stock, valued at approximately $262,000. Renaissance Technologies LLC owned approximately 0.63% of GraniteShares 2x Long RDDT Daily ETF at the end of the most recent reporting period.

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.