Short Interest in GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Decreases By 69.8%

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 167,029 shares, a decline of 69.8% from the June 15th total of 553,947 shares. Based on an average daily trading volume, of 428,782 shares, the short-interest ratio is presently 0.4 days. Currently, 7.8% of the shares of the company are sold short.

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

Institutional investors have recently modified their holdings of the company. Genesis Financial Group LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF in the 4th quarter worth $2,008,000. Susquehanna International Group LLP increased its holdings in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% in the third quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock worth $2,074,000 after buying an additional 10,838 shares during the period. Renaissance Technologies LLC bought a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the 1st quarter valued at about $262,000. Simplex Trading LLC bought a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the 4th quarter valued at about $388,000. Finally, HRT Financial LP purchased a new stake in GraniteShares 2x Long RDDT Daily ETF during the 4th quarter valued at about $249,000.

GraniteShares 2x Long RDDT Daily ETF Trading Up 1.1%

Shares of RDTL traded up $0.29 during midday trading on Tuesday, hitting $27.58. 294,468 shares of the company traded hands, compared to its average volume of 577,703. The stock has a 50-day moving average of $21.16 and a 200-day moving average of $25.05. GraniteShares 2x Long RDDT Daily ETF has a one year low of $11.76 and a one year high of $89.84.

GraniteShares 2x Long RDDT Daily ETF Company Profile

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.