GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Stock Short Interest Jumps 257.0%

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 489,908 shares, a growth of 257.0% from the September 15th total of 137,236 shares. Based on an average daily volume of 741,231 shares, the days-to-cover ratio is currently 0.7 days. Approximately 9.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long RDDT Daily ETF stock. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 quarter.

GraniteShares 2x Long RDDT Daily ETF Price Performance

Shares of RDTL traded up $0.01 during trading hours on Tuesday, reaching $14.12. The stock had a trading volume of 238,360 shares, compared to its average volume of 646,655. The firm has a 50-day simple moving average of $13.70 and a 200 day simple moving average of $17.76. GraniteShares 2x Long RDDT Daily ETF has a 12 month low of $10.89 and a 12 month high of $65.00.

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.