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

Posted by Amy Steele on Jun 1st, 2026

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 5,385 shares, a drop of 51.4% from the April 30th total of 11,089 shares. Based on an average daily volume of 79,676 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.9% of the shares of the company are sold short.

Hedge Funds Weigh In On GraniteShares 2x Long RIVN Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RVNL. Austin Wealth Management LLC bought a new position in shares of GraniteShares 2x Long RIVN Daily ETF during the 3rd quarter worth about $423,000. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Long RIVN Daily ETF by 3.5% during the 3rd quarter. Optiver Holding B.V. now owns 7,503 shares of the company’s stock worth $281,000 after acquiring an additional 252 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of GraniteShares 2x Long RIVN Daily ETF during the 4th quarter worth about $231,000.

GraniteShares 2x Long RIVN Daily ETF Price Performance

Shares of NASDAQ:RVNL traded up $2.29 during trading on Monday, hitting $33.67. 39,360 shares of the stock were exchanged, compared to its average volume of 51,896. GraniteShares 2x Long RIVN Daily ETF has a 1-year low of $19.25 and a 1-year high of $75.17. The company’s fifty day simple moving average is $28.97 and its 200-day simple moving average is $37.18.

About GraniteShares 2x Long RIVN Daily ETF

(Get Free Report)

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.