GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Short Interest Down 35.9% in August

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,558 shares, a decline of 35.9% from the August 15th total of 11,788 shares. Based on an average daily volume of 95,306 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.7% of the company’s shares are short sold.

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

GraniteShares 2x Long RIVN Daily ETF Price Performance

Shares of GraniteShares 2x Long RIVN Daily ETF stock traded up $1.89 during midday trading on Thursday, reaching $23.94. The company had a trading volume of 97,105 shares, compared to its average volume of 68,622. GraniteShares 2x Long RIVN Daily ETF has a fifty-two week low of $19.25 and a fifty-two week high of $75.17. The stock has a fifty day moving average price of $26.14 and a 200 day moving average price of $28.64.

GraniteShares 2x Long RIVN Daily ETF Company Profile

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.