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

GraniteShares Nasdaq Select Disruptors ETF (NYSEARCA:DRUP) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 53 shares, an increase of 307.7% from the August 31st total of 13 shares. Based on an average trading volume of 4,774 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of GraniteShares Nasdaq Select Disruptors ETF

A hedge fund recently bought a new stake in GraniteShares Nasdaq Select Disruptors ETF stock. 46 Peaks LLC acquired a new position in shares of GraniteShares Nasdaq Select Disruptors ETF (NYSEARCA:DRUP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,777 shares of the company’s stock, valued at approximately $252,000. GraniteShares Nasdaq Select Disruptors ETF accounts for approximately 0.2% of 46 Peaks LLC’s portfolio, making the stock its 21st largest position. 46 Peaks LLC owned approximately 0.44% of GraniteShares Nasdaq Select Disruptors ETF as of its most recent SEC filing.

GraniteShares Nasdaq Select Disruptors ETF Stock Performance

NYSEARCA:DRUP traded down $0.39 during mid-day trading on Friday, reaching $71.25. The stock had a trading volume of 481 shares, compared to its average volume of 1,903. The firm has a market capitalization of $49.88 million, a price-to-earnings ratio of 36.16 and a beta of 1.14. GraniteShares Nasdaq Select Disruptors ETF has a twelve month low of $52.83 and a twelve month high of $71.70. The business has a 50 day simple moving average of $67.96 and a 200 day simple moving average of $62.71.

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.