GraniteShares Nasdaq Select Disruptors ETF (NYSEARCA:DRUP) Sees Large Decline in Short Interest

GraniteShares Nasdaq Select Disruptors ETF (NYSEARCA:DRUP) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13 shares, a decrease of 88.1% from the August 15th total of 109 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 800 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of GraniteShares Nasdaq Select Disruptors ETF

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC increased its stake in shares of GraniteShares Nasdaq Select Disruptors ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 13,834 shares of the company’s stock worth $924,000 after buying an additional 300 shares during the last quarter. NewEdge Advisors LLC bought a new position in GraniteShares Nasdaq Select Disruptors ETF during the 3rd quarter valued at $683,000. Susquehanna International Group LLP boosted its stake in GraniteShares Nasdaq Select Disruptors ETF by 122.0% during the 3rd quarter. Susquehanna International Group LLP now owns 7,593 shares of the company’s stock valued at $495,000 after acquiring an additional 4,173 shares during the last quarter. Citadel Advisors LLC grew its holdings in GraniteShares Nasdaq Select Disruptors ETF by 186.9% during the 3rd quarter. Citadel Advisors LLC now owns 18,594 shares of the company’s stock worth $1,212,000 after acquiring an additional 12,113 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in GraniteShares Nasdaq Select Disruptors ETF during the 2nd quarter worth $288,000.

GraniteShares Nasdaq Select Disruptors ETF Trading Down 0.6%

NYSEARCA DRUP traded down $0.39 during mid-day trading on Thursday, reaching $67.42. 841 shares of the company’s stock traded hands, compared to its average volume of 1,805. GraniteShares Nasdaq Select Disruptors ETF has a 1-year low of $52.83 and a 1-year high of $70.99. The company has a fifty day simple moving average of $66.67 and a 200-day simple moving average of $61.82. The company has a market cap of $50.56 million, a price-to-earnings ratio of 36.16 and a beta of 1.14.

About GraniteShares Nasdaq Select Disruptors ETF

The GraniteShares Nasdaq Select Disruptors ETF (DRUP) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a free-float market-cap weighted index of US large-cap companies that are deemed to be at the forefront of disruption and technological advancement. DRUP was launched on Oct 7, 2019 and is issued by GraniteShares.