GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Trading Down 6.9% – Time to Sell?

Posted by ABMN Staff on Jul 11th, 2026

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report)’s stock price were down 6.9% on Friday . The stock traded as low as $31.20 and last traded at $31.33. 96,076 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 62,611 shares. The stock had previously closed at $33.66.

GraniteShares 2x Long RIVN Daily ETF Stock Performance

The stock’s 50-day moving average is $28.78 and its 200-day moving average is $34.35.

Hedge Funds Weigh In On GraniteShares 2x Long RIVN Daily ETF

A hedge fund recently raised its position in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. increased its position in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,558 shares of the company’s stock after buying an additional 7,030 shares during the period. Optiver Holding B.V. owned 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 at the end of the most recent reporting period.

GraniteShares 2x Long RIVN Daily ETF Company Profile

(Get Free Report)

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.