GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Sees Significant Increase in Short Interest

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 19,243 shares, an increase of 154.6% from the August 31st total of 7,558 shares. Based on an average daily volume of 67,391 shares, the short-interest ratio is presently 0.3 days. Currently, 3.8% of the company’s stock are sold short.

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. lifted its holdings in shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) by 82.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,558 shares of the company’s stock after acquiring an additional 7,030 shares during the period. Optiver Holding B.V. owned approximately 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 at the end of the most recent quarter.

GraniteShares 2x Long RIVN Daily ETF Stock Up 2.1%

Shares of GraniteShares 2x Long RIVN Daily ETF stock traded up $0.46 during trading on Friday, reaching $22.59. The company’s stock had a trading volume of 15,888 shares, compared to its average volume of 70,655. GraniteShares 2x Long RIVN Daily ETF has a 1-year low of $19.25 and a 1-year high of $75.17. The company has a 50-day simple moving average of $24.84 and a two-hundred day simple moving average of $28.25.

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.