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

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 625,090 shares, a growth of 188.9% from the January 29th total of 216,370 shares. Currently, 46.6% of the shares of the stock are short sold. Based on an average daily volume of 981,303 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 981,303 shares, the short-interest ratio is currently 0.6 days. Currently, 46.6% of the shares of the stock are short sold.

GraniteShares 2x Long RDDT Daily ETF Trading Up 2.1%

Shares of RDTL stock opened at $19.55 on Friday. GraniteShares 2x Long RDDT Daily ETF has a 52-week low of $9.72 and a 52-week high of $89.84. The business’s fifty day moving average is $37.74 and its 200 day moving average is $47.14.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Simplex Trading LLC purchased a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the second quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new position in GraniteShares 2x Long RDDT Daily ETF in the 2nd quarter worth approximately $75,000. HRT Financial LP purchased a new position in GraniteShares 2x Long RDDT Daily ETF in the 4th quarter worth approximately $249,000. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the 3rd quarter worth $1,169,000. Finally, Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter valued at $2,008,000.

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.