GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 11,788 shares, a growth of 143.8% from the July 30th total of 4,836 shares. Based on an average daily volume of 56,238 shares, the short-interest ratio is presently 0.2 days. Approximately 2.7% of the shares of the stock are sold short.
GraniteShares 2x Long RIVN Daily ETF Stock Performance
Shares of RVNL traded down $2.36 during midday trading on Friday, hitting $24.94. The stock had a trading volume of 155,693 shares, compared to its average volume of 67,775. GraniteShares 2x Long RIVN Daily ETF has a fifty-two week low of $19.25 and a fifty-two week high of $75.17. The business has a 50-day simple moving average of $27.93 and a two-hundred day simple moving average of $29.49.
Hedge Funds Weigh In On GraniteShares 2x Long RIVN Daily ETF
An institutional investor recently bought a new stake in GraniteShares 2x Long RIVN Daily ETF stock. Jane Street Group LLC bought a new stake in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,089 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned about 1.78% of GraniteShares 2x Long RIVN Daily ETF at the end of the most recent quarter.
About GraniteShares 2x Long RIVN Daily ETF
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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