GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 11,788 shares, a growth of 143.8% from the July 30th total of 4,836 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 56,238 shares, the days-to-cover ratio is currently 0.2 days.
GraniteShares 2x Long RIVN Daily ETF Stock Performance
RVNL traded down $2.36 during trading on Friday, reaching $24.94. 155,693 shares of the company’s stock were exchanged, compared to its average volume of 67,775. The company’s fifty day simple moving average is $27.93 and its 200-day simple moving average is $29.49. GraniteShares 2x Long RIVN Daily ETF has a 1 year low of $19.25 and a 1 year high of $75.17.
Hedge Funds Weigh In On GraniteShares 2x Long RIVN Daily ETF
An institutional investor recently raised its stake in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,558 shares of the company’s stock after acquiring an additional 7,030 shares during the quarter. 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.
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.
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