GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Sees Significant Increase in Short Interest

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 19,243 shares, a growth of 154.6% from the August 31st total of 7,558 shares. Based on an average daily volume of 67,391 shares, the short-interest ratio is presently 0.3 days. Currently, 3.8% of the company’s stock are sold short.

GraniteShares 2x Long RIVN Daily ETF Stock Performance

GraniteShares 2x Long RIVN Daily ETF stock traded up $0.46 during trading hours on Friday, reaching $22.59. The stock had a trading volume of 15,888 shares, compared to its average volume of 70,655. The business’s 50 day moving average price is $24.84 and its 200-day moving average price is $28.25. GraniteShares 2x Long RIVN Daily ETF has a 52 week low of $19.25 and a 52 week high of $75.17.

Institutional Investors 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. grew its position in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) by 82.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,558 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. Optiver Holding B.V. owned about 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 at the end of the most recent reporting period.

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.