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

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 553,947 shares, an increase of 559.1% from the May 31st total of 84,042 shares. Based on an average daily volume of 603,173 shares, the days-to-cover ratio is presently 0.9 days. Approximately 19.7% of the company’s stock are sold short.

GraniteShares 2x Long RDDT Daily ETF Trading Down 3.8%

NASDAQ RDTL opened at $17.44 on Friday. The firm’s 50 day moving average price is $19.83 and its 200-day moving average price is $27.23. GraniteShares 2x Long RDDT Daily ETF has a 52-week low of $11.76 and a 52-week high of $89.84.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

A number of hedge funds have recently bought and sold shares of the stock. HRT Financial LP purchased a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the 4th quarter valued at $249,000. Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long RDDT Daily ETF during the 4th quarter worth $388,000. Susquehanna International Group LLP boosted its position 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 purchasing an additional 10,838 shares in the last quarter. Renaissance Technologies LLC bought a new stake in GraniteShares 2x Long RDDT Daily ETF during the first quarter valued at about $262,000. Finally, Genesis Financial Group LLC purchased a new position in GraniteShares 2x Long RDDT Daily ETF in the fourth quarter valued at 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.