GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Short Interest Down 44.0% in December

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 13,436 shares, a decrease of 44.0% from the December 15th total of 24,012 shares. Based on an average daily volume of 75,742 shares, the short-interest ratio is presently 0.2 days. Approximately 7.9% of the company’s shares are sold short. Approximately 7.9% of the company’s shares are sold short. Based on an average daily volume of 75,742 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,503 shares of the company’s stock after buying an additional 252 shares during the period. Optiver Holding B.V. owned approximately 3.13% of GraniteShares 2x Long RIVN Daily ETF worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

GraniteShares 2x Long RIVN Daily ETF Price Performance

Shares of RVNL opened at $39.85 on Friday. The business’s 50-day moving average price is $49.49 and its 200 day moving average price is $38.17. GraniteShares 2x Long RIVN Daily ETF has a 1-year low of $24.49 and a 1-year high of $75.17.

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.