GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Sees Significant Growth in Short Interest

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 600,403 shares, a growth of 568.3% from the July 15th total of 89,836 shares. Based on an average trading volume of 1,047,084 shares, the days-to-cover ratio is currently 0.6 days. Currently, 21.9% of the company’s stock are sold short.

GraniteShares 2x Long RDDT Daily ETF Trading Up 5.7%

Shares of NASDAQ RDTL opened at $14.98 on Friday. The business’s fifty day simple moving average is $20.87 and its 200-day simple moving average is $19.64. GraniteShares 2x Long RDDT Daily ETF has a 12-month low of $10.89 and a 12-month high of $89.84.

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

A number of hedge funds have recently bought and sold shares of RDTL. Renaissance Technologies LLC acquired a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the first quarter worth about $262,000. HRT Financial LP purchased a new position in GraniteShares 2x Long RDDT Daily ETF in the fourth quarter worth approximately $249,000. Simplex Trading LLC acquired a new position in GraniteShares 2x Long RDDT Daily ETF during the 4th quarter worth approximately $388,000. Finally, Susquehanna International Group LLP grew its holdings in GraniteShares 2x Long RDDT Daily ETF by 44.0% during the 3rd quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock worth $2,074,000 after acquiring an additional 10,838 shares in the last 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.