GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 16,648 shares, a growth of 23.9% from the December 31st total of 13,436 shares. Based on an average daily trading volume, of 58,229 shares, the days-to-cover ratio is presently 0.3 days. Currently, 8.8% of the company’s shares are sold short. Currently, 8.8% of the company’s shares are sold short. Based on an average daily trading volume, of 58,229 shares, the days-to-cover ratio is presently 0.3 days.
GraniteShares 2x Long RIVN Daily ETF Stock Performance
Shares of RVNL stock opened at $29.34 on Wednesday. The business has a 50-day moving average of $48.43 and a 200 day moving average of $38.47. GraniteShares 2x Long RIVN Daily ETF has a 1-year low of $24.49 and a 1-year high of $75.17.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in GraniteShares 2x Long RIVN Daily ETF stock. Austin Wealth Management LLC bought a new position in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,271 shares of the company’s stock, valued at approximately $423,000. Austin Wealth Management LLC owned 4.70% of GraniteShares 2x Long RIVN Daily ETF as of its most recent SEC filing.
About GraniteShares 2x Long RIVN Daily ETF
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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