GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 7,558 shares, a decrease of 35.9% from the August 15th total of 11,788 shares. Based on an average daily volume of 95,306 shares, the short-interest ratio is currently 0.1 days. Approximately 1.7% of the shares of the stock are short sold.
GraniteShares 2x Long RIVN Daily ETF Stock Down 5.2%
Shares of NASDAQ RVNL traded down $1.18 during midday trading on Friday, hitting $21.45. The stock had a trading volume of 118,158 shares, compared to its average volume of 68,867. The company’s 50-day simple moving average is $25.92 and its 200 day simple moving average is $28.58. GraniteShares 2x Long RIVN Daily ETF has a fifty-two week low of $19.25 and a fifty-two week high of $75.17.
Hedge Funds Weigh In On GraniteShares 2x Long RIVN Daily ETF
An institutional investor recently raised its stake in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. raised its position in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,558 shares of the company’s stock after purchasing an additional 7,030 shares during the period. Optiver Holding B.V. owned approximately 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 as of its most recent filing with the SEC.
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.
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