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

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 880,602 shares, a growth of 38.5% from the February 26th total of 635,906 shares. Based on an average daily volume of 531,709 shares, the days-to-cover ratio is currently 1.7 days. Approximately 65.7% of the company’s shares are short sold.

GraniteShares 2x Long RDDT Daily ETF Stock Performance

RDTL stock opened at $12.69 on Tuesday. The business has a fifty day simple moving average of $21.22 and a 200-day simple moving average of $39.89. GraniteShares 2x Long RDDT Daily ETF has a 52 week low of $9.72 and a 52 week high of $89.84.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. HRT Financial LP acquired a new position in GraniteShares 2x Long RDDT Daily ETF in the 4th quarter worth $249,000. Simplex Trading LLC acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the fourth quarter valued at about $388,000. Genesis Financial Group LLC acquired a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the fourth quarter valued at about $2,008,000. Susquehanna International Group LLP increased its position in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% during the third 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 during the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the third quarter worth about $1,169,000.

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.