GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Short Interest Down 51.8% in August

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 289,448 shares, a decline of 51.8% from the July 30th total of 600,403 shares. Approximately 10.6% of the shares of the stock are sold short. Based on an average trading volume of 902,271 shares, the days-to-cover ratio is currently 0.3 days.

GraniteShares 2x Long RDDT Daily ETF Stock Down 1.6%

NASDAQ RDTL traded down $0.22 during trading hours on Friday, hitting $13.51. 415,086 shares of the company’s stock traded hands, compared to its average volume of 644,546. GraniteShares 2x Long RDDT Daily ETF has a 52-week low of $10.89 and a 52-week high of $89.84. The firm’s 50-day moving average is $19.34 and its 200-day moving average is $18.63.

Institutional Investors Weigh In On GraniteShares 2x Long RDDT Daily ETF

A number of large investors have recently made changes to their positions in RDTL. HRT Financial LP acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the 4th quarter worth $249,000. Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter valued at about $388,000. Susquehanna International Group LLP increased 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 purchasing an additional 10,838 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF during the first quarter worth about $262,000.

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.