GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Stock Price Down 7.7% – Here’s What Happened

Shares of GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) were down 7.7% during mid-day trading on Friday . The stock traded as low as $47.76 and last traded at $48.40. Approximately 280,925 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 533,117 shares. The stock had previously closed at $52.46.

GraniteShares 2x Long RDDT Daily ETF Trading Down 7.7%

The stock has a 50-day moving average of $43.48 and a 200 day moving average of $42.73.

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

A number of hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in GraniteShares 2x Long RDDT Daily ETF during the second quarter valued at about $75,000. Susquehanna International Group LLP raised its position in shares of GraniteShares 2x Long RDDT Daily ETF by 44.0% in the third quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock valued at $2,074,000 after purchasing an additional 10,838 shares during the period. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long RDDT Daily ETF in the third quarter valued at approximately $1,169,000. Finally, Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 2nd quarter valued at approximately $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.