GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Shares Down 12.8% – Here’s Why

Shares of GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) traded down 12.8% during mid-day trading on Tuesday . The company traded as low as $23.32 and last traded at $24.60. 740,986 shares traded hands during mid-day trading, an increase of 105% from the average session volume of 361,853 shares. The stock had previously closed at $28.20.

GraniteShares 2x Long RDDT Daily ETF Trading Down 12.8%

The business has a 50-day moving average of $48.22 and a 200 day moving average of $49.49.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in GraniteShares 2x Long RDDT Daily ETF during the second quarter valued at approximately $75,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long RDDT Daily ETF in the third quarter worth approximately $1,169,000. Genesis Financial Group LLC purchased a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter worth $2,008,000. Susquehanna International Group LLP boosted its stake in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% during the 3rd 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, Simplex Trading LLC bought a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 2nd quarter valued at $30,000.

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.