GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Short Interest Down 26.0% in February

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 13,141 shares, a drop of 26.0% from the January 29th total of 17,755 shares. Currently, 5.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,278 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 65,278 shares, the short-interest ratio is currently 0.2 days. Currently, 5.7% of the shares of the stock are sold short.

GraniteShares 2x Long RIVN Daily ETF Stock Down 3.2%

NASDAQ RVNL traded down $0.97 during trading hours on Wednesday, reaching $28.94. 36,145 shares of the company’s stock were exchanged, compared to its average volume of 45,023. The firm has a fifty day moving average of $40.85 and a 200-day moving average of $38.74. GraniteShares 2x Long RIVN Daily ETF has a one year low of $24.49 and a one year high of $75.17.

Institutional Trading of GraniteShares 2x Long RIVN Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. raised its stake in shares of GraniteShares 2x Long RIVN Daily ETF by 3.5% during the third quarter. Optiver Holding B.V. now owns 7,503 shares of the company’s stock worth $281,000 after buying an additional 252 shares during the last quarter. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long RIVN Daily ETF during the 4th quarter worth $231,000. Finally, Austin Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long RIVN Daily ETF during the 3rd quarter valued at $423,000.

About GraniteShares 2x Long RIVN Daily ETF

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.