Short Interest in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Drops By 59.1%

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,205 shares, a decline of 59.1% from the May 14th total of 5,385 shares. Based on an average daily volume of 85,279 shares, the short-interest ratio is currently 0.0 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Investors Weigh In On GraniteShares 2x Long RIVN Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long RIVN Daily ETF stock. Jane Street Group LLC bought a new stake in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,089 shares of the company’s stock, valued at approximately $231,000. Jane Street Group LLC owned about 1.78% of GraniteShares 2x Long RIVN Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long RIVN Daily ETF Stock Performance

NASDAQ RVNL opened at $27.19 on Friday. The firm has a 50-day moving average of $29.38 and a 200-day moving average of $36.76. GraniteShares 2x Long RIVN Daily ETF has a 52-week low of $19.25 and a 52-week 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.