GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Trading Down 6% – What’s Next?

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) shares fell 6% during mid-day trading on Thursday . The stock traded as low as $15.31 and last traded at $15.98. 725,262 shares were traded during trading, an increase of 28% from the average session volume of 566,589 shares. The stock had previously closed at $17.00.

GraniteShares 2x Long RDDT Daily ETF Stock Performance

The business’s fifty day moving average price is $26.80 and its 200-day moving average price is $42.64.

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

Hedge funds have recently added to or reduced their stakes in the stock. HRT Financial LP bought a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter worth $249,000. Simplex Trading LLC purchased a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the fourth quarter worth approximately $388,000. Genesis Financial Group LLC bought a new stake in GraniteShares 2x Long RDDT Daily ETF during the fourth quarter valued at approximately $2,008,000. Susquehanna International Group LLP increased its holdings in 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 valued at $2,074,000 after buying an additional 10,838 shares during the last quarter. Finally, 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.

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.