GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Stock Falls 3.8% – Here’s Why

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL)’s stock price fell 3.8% during mid-day trading on Tuesday. The stock traded as low as $13.02 and last traded at $13.62. 924,621 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 645,602 shares. The stock had previously closed at $14.16.

GraniteShares 2x Long RDDT Daily ETF Stock Up 0.4%

The stock has a fifty day moving average price of $15.58 and a 200 day moving average price of $18.07.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long RDDT Daily ETF stock. Renaissance Technologies LLC purchased a new position in shares of GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,700 shares of the company’s stock, valued at approximately $262,000. Renaissance Technologies LLC owned 0.63% of GraniteShares 2x Long RDDT Daily ETF at the end of the most recent quarter.

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.