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

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 424,330 shares, a decrease of 51.8% from the March 15th total of 880,602 shares. Approximately 12.5% of the company’s stock are sold short. Based on an average daily volume of 584,600 shares, the short-interest ratio is currently 0.7 days.

GraniteShares 2x Long RDDT Daily ETF Stock Up 2.0%

Shares of RDTL stock opened at $15.81 on Friday. The business’s fifty day moving average is $17.10 and its 200 day moving average is $36.32. GraniteShares 2x Long RDDT Daily ETF has a twelve month low of $11.76 and a twelve month high of $89.84.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HRT Financial LP purchased a new stake in GraniteShares 2x Long RDDT Daily ETF in the fourth quarter worth about $249,000. Simplex Trading LLC purchased a new stake in GraniteShares 2x Long RDDT Daily ETF in the fourth quarter worth about $388,000. Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long RDDT Daily ETF in the third quarter worth about $1,169,000. Susquehanna International Group LLP grew 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 purchasing an additional 10,838 shares in the last quarter. Finally, Genesis Financial Group LLC purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the fourth quarter worth about $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.