GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 137,236 shares, a drop of 43.7% from the August 31st total of 243,572 shares. Based on an average trading volume of 625,126 shares, the short-interest ratio is currently 0.2 days. Approximately 3.3% of the company’s shares are sold short.
Hedge Funds Weigh In On GraniteShares 2x Long RDDT Daily ETF
An institutional investor recently bought a new position in GraniteShares 2x Long RDDT Daily ETF stock. Renaissance Technologies LLC bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 17,700 shares of the company’s stock, valued at approximately $262,000. Renaissance Technologies LLC owned about 0.63% of GraniteShares 2x Long RDDT Daily ETF as of its most recent SEC filing.
GraniteShares 2x Long RDDT Daily ETF Stock Performance
NASDAQ:RDTL traded down $0.02 on Friday, hitting $12.40. 201,588 shares of the stock were exchanged, compared to its average volume of 648,879. The stock has a fifty day moving average of $14.46 and a 200-day moving average of $17.93. GraniteShares 2x Long RDDT Daily ETF has a fifty-two week low of $10.89 and a fifty-two week high of $65.00.
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.
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