GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Short Interest Update

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 216,370 shares, a growth of 574.2% from the January 15th total of 32,092 shares. Based on an average daily volume of 329,656 shares, the short-interest ratio is currently 0.7 days. Currently, 16.1% of the company’s shares are sold short. Currently, 16.1% of the company’s shares are sold short. Based on an average daily volume of 329,656 shares, the short-interest ratio is currently 0.7 days.

GraniteShares 2x Long RDDT Daily ETF Trading Down 12.6%

RDTL traded down $2.14 during mid-day trading on Thursday, hitting $14.91. The stock had a trading volume of 788,837 shares, compared to its average volume of 557,294. The stock’s fifty day simple moving average is $45.01 and its 200-day simple moving average is $49.00. GraniteShares 2x Long RDDT Daily ETF has a 1-year low of $9.72 and a 1-year high of $89.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Simplex Trading LLC acquired a new position in GraniteShares 2x Long RDDT Daily ETF in the second quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the 2nd quarter valued at about $75,000. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the 3rd quarter valued at about $1,169,000. Susquehanna International Group LLP grew its position in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% in the 3rd quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock valued at $2,074,000 after purchasing an additional 10,838 shares during the period. Finally, Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long RDDT Daily ETF during the 4th quarter worth approximately $2,008,000.

About GraniteShares 2x Long RDDT Daily ETF

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.