GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 65,141 shares, a growth of 202.5% from the September 30th total of 21,537 shares. Approximately 7.4% of the company’s stock are short sold. Based on an average daily trading volume, of 126,564 shares, the days-to-cover ratio is currently 0.5 days.
GraniteShares 2x Long RIVN Daily ETF Stock Down 1.4%
Shares of NASDAQ RVNL opened at $12.40 on Thursday. The firm’s 50-day simple moving average is $20.72 and its 200 day simple moving average is $28.12. GraniteShares 2x Long RIVN Daily ETF has a fifty-two week low of $12.07 and a fifty-two week high of $75.17.
Institutional Investors Weigh In On GraniteShares 2x Long RIVN Daily ETF
An institutional investor recently raised its position in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,558 shares of the company’s stock after acquiring an additional 7,030 shares during the period. Optiver Holding B.V. owned about 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 at the end of the most recent reporting period.
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.
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