GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Short Interest Down 70.5% in May

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 84,042 shares, a decline of 70.5% from the May 14th total of 284,985 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average trading volume of 726,719 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On GraniteShares 2x Long RDDT Daily ETF

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

GraniteShares 2x Long RDDT Daily ETF Trading Down 1.3%

Shares of NASDAQ RDTL traded down $0.27 during midday trading on Thursday, hitting $21.14. 313,186 shares of the stock traded hands, compared to its average volume of 598,596. GraniteShares 2x Long RDDT Daily ETF has a one year low of $11.76 and a one year high of $89.84. The business has a 50 day moving average price of $18.90 and a two-hundred day moving average price of $29.13.

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.