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

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 89,836 shares, a decrease of 46.2% from the June 30th total of 167,029 shares. Based on an average trading 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 short sold.

GraniteShares 2x Long RDDT Daily ETF Price Performance

Shares of NASDAQ:RDTL traded down $0.09 during trading on Wednesday, reaching $20.89. 354,758 shares of the company’s stock traded hands, compared to its average volume of 563,707. GraniteShares 2x Long RDDT Daily ETF has a fifty-two week low of $11.76 and a fifty-two week high of $89.84. The company has a 50-day simple moving average of $21.80 and a 200-day simple moving average of $22.66.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

Several institutional investors have recently bought and sold shares of RDTL. HRT Financial LP purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter valued at approximately $249,000. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Long RDDT Daily ETF in the 1st quarter valued at $262,000. Simplex Trading LLC purchased a new stake in GraniteShares 2x Long RDDT Daily ETF in the 4th quarter worth $388,000. Genesis Financial Group LLC acquired a new position in GraniteShares 2x Long RDDT Daily ETF during the fourth quarter worth $2,008,000. Finally, Susquehanna International Group LLP raised 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 acquiring an additional 10,838 shares during the period.

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.