Short Interest in GraniteShares Nasdaq Select Disruptors ETF (NYSEARCA:DRUP) Decreases By 29.5%

GraniteShares Nasdaq Select Disruptors ETF (NYSEARCA:DRUP) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 996 shares, a drop of 29.5% from the January 15th total of 1,413 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,594 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 1,594 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

GraniteShares Nasdaq Select Disruptors ETF Price Performance

GraniteShares Nasdaq Select Disruptors ETF stock traded up $0.61 during mid-day trading on Friday, hitting $58.21. The company’s stock had a trading volume of 2,006 shares, compared to its average volume of 2,097. GraniteShares Nasdaq Select Disruptors ETF has a 52-week low of $44.61 and a 52-week high of $68.88. The firm’s 50 day moving average is $64.76 and its 200 day moving average is $65.16. The company has a market cap of $49.48 million, a PE ratio of 36.16 and a beta of 1.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC lifted its position in GraniteShares Nasdaq Select Disruptors ETF by 186.9% in the 3rd quarter. Citadel Advisors LLC now owns 18,594 shares of the company’s stock worth $1,212,000 after buying an additional 12,113 shares in the last quarter. LPL Financial LLC increased its stake in shares of GraniteShares Nasdaq Select Disruptors ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 13,834 shares of the company’s stock worth $924,000 after acquiring an additional 300 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of GraniteShares Nasdaq Select Disruptors ETF during the third quarter worth $683,000. Susquehanna International Group LLP raised its holdings in shares of GraniteShares Nasdaq Select Disruptors ETF by 122.0% during the third quarter. Susquehanna International Group LLP now owns 7,593 shares of the company’s stock worth $495,000 after acquiring an additional 4,173 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in GraniteShares Nasdaq Select Disruptors ETF during the second quarter valued at $288,000.

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.