Short Interest in GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Rises By 559.1%

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 553,947 shares, a growth of 559.1% from the May 31st total of 84,042 shares. Currently, 19.7% of the shares of the company are sold short. Based on an average daily trading volume, of 603,173 shares, the days-to-cover ratio is presently 0.9 days.

GraniteShares 2x Long RDDT Daily ETF Stock Up 10.7%

GraniteShares 2x Long RDDT Daily ETF stock traded up $1.86 during mid-day trading on Friday, reaching $19.30. The company’s stock had a trading volume of 418,448 shares, compared to its average volume of 591,461. GraniteShares 2x Long RDDT Daily ETF has a 12-month low of $11.76 and a 12-month high of $89.84. The firm’s fifty day moving average price is $19.82 and its two-hundred day moving average price is $27.18.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RDTL. Genesis Financial Group LLC bought a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the fourth quarter valued at about $2,008,000. Susquehanna International Group LLP boosted its position in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% in the third quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock valued at $2,074,000 after acquiring an additional 10,838 shares during the period. Renaissance Technologies LLC bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the first quarter valued at approximately $262,000. Simplex Trading LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF during the fourth quarter valued at approximately $388,000. Finally, HRT Financial LP purchased a new position in GraniteShares 2x Long RDDT Daily ETF during the fourth quarter valued at approximately $249,000.

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.