GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Short Interest Update

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 24,012 shares, a decrease of 31.0% from the November 30th total of 34,781 shares. Currently, 10.0% of the shares of the company are short sold. Based on an average daily trading volume, of 97,235 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 97,235 shares, the short-interest ratio is presently 0.2 days. Currently, 10.0% of the shares of the company are short sold.

Institutional Trading of GraniteShares 2x Long RIVN Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long RIVN Daily ETF stock. Austin Wealth Management LLC acquired a new stake in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,271 shares of the company’s stock, valued at approximately $423,000. Austin Wealth Management LLC owned about 4.70% of GraniteShares 2x Long RIVN Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long RIVN Daily ETF Stock Performance

Shares of NASDAQ RVNL traded down $6.59 during midday trading on Tuesday, hitting $55.65. 65,671 shares of the company’s stock were exchanged, compared to its average volume of 45,985. GraniteShares 2x Long RIVN Daily ETF has a 12 month low of $24.49 and a 12 month high of $75.17. The company’s 50 day moving average price is $43.58 and its 200 day moving average price is $36.56.

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.