Short Interest in GraniteShares Nasdaq Select Disruptors ETF (NYSEARCA:DRUP) Grows By 40.0%

GraniteShares Nasdaq Select Disruptors ETF (NYSEARCA:DRUP) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 700 shares, an increase of 40.0% from the September 30th total of 500 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On GraniteShares Nasdaq Select Disruptors ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. acquired a new stake in GraniteShares Nasdaq Select Disruptors ETF during the 2nd quarter worth $201,000. Flow Traders U.S. LLC raised its holdings in GraniteShares Nasdaq Select Disruptors ETF by 44.6% in the 1st quarter. Flow Traders U.S. LLC now owns 10,832 shares of the company’s stock valued at $563,000 after buying an additional 3,341 shares during the period. Finally, Jane Street Group LLC purchased a new stake in GraniteShares Nasdaq Select Disruptors ETF in the 2nd quarter valued at about $288,000.

GraniteShares Nasdaq Select Disruptors ETF Price Performance

NYSEARCA DRUP traded down $1.44 on Tuesday, hitting $66.94. The company had a trading volume of 2,071 shares, compared to its average volume of 3,006. GraniteShares Nasdaq Select Disruptors ETF has a 12-month low of $44.61 and a 12-month high of $68.88. The company’s fifty day moving average price is $65.74 and its 200-day moving average price is $61.87. The company has a market capitalization of $60.25 million, a PE ratio of 36.16 and a beta of 1.12.

GraniteShares Nasdaq Select Disruptors ETF Company Profile

The GraniteShares Nasdaq Select Disruptors ETF (DRUP) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a free-float market-cap weighted index of US large-cap companies that are deemed to be at the forefront of disruption and technological advancement. DRUP was launched on Oct 7, 2019 and is issued by GraniteShares.