GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Short Interest Down 59.1% in May

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,205 shares, a decline of 59.1% from the May 14th total of 5,385 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 85,279 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On GraniteShares 2x Long RIVN Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long RIVN Daily ETF stock. Jane Street Group LLC acquired a new position in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,089 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned 1.78% of GraniteShares 2x Long RIVN Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long RIVN Daily ETF Price Performance

RVNL opened at $27.19 on Friday. The stock has a fifty day moving average of $29.38 and a 200-day moving average of $36.76. GraniteShares 2x Long RIVN Daily ETF has a fifty-two week low of $19.25 and a fifty-two week high of $75.17.

GraniteShares 2x Long RIVN Daily ETF Company Profile

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.