GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Shares Shorted: Short Interest Up 244.1% in October

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,611,629 shares, an increase of 244.1% from the October 15th total of 468,414 shares. Based on an average trading volume of 1,364,377 shares, the days-to-cover ratio is currently 1.2 days. Currently, 22.5% of the shares of the stock are sold short.

GraniteShares 2x Long RDDT Daily ETF Stock Performance

NASDAQ RDTL traded up $0.03 on Friday, reaching $4.18. The company had a trading volume of 198,194 shares, compared to its average volume of 726,119. The firm’s 50 day moving average price is $10.90 and its 200 day moving average price is $16.98. GraniteShares 2x Long RDDT Daily ETF has a 12 month low of $3.31 and a 12 month high of $65.00.

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

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF during the 1st quarter valued at approximately $262,000. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 3rd quarter worth approximately $133,000. Parallel Advisors LLC bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the 3rd quarter valued at approximately $58,000. Finally, Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the 3rd quarter valued at approximately $32,000.

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.