GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) Short Interest Update

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 10,300 shares, a decrease of 21.6% from the February 12th total of 13,141 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average trading volume of 29,110 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 29,110 shares, the short-interest ratio is currently 0.4 days. Currently, 4.5% of the shares of the company are sold short.

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

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of GraniteShares 2x Long RIVN Daily ETF in the 4th quarter worth about $231,000. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long RIVN Daily ETF by 3.5% during the third quarter. Optiver Holding B.V. now owns 7,503 shares of the company’s stock worth $281,000 after buying an additional 252 shares during the last quarter. Finally, Austin Wealth Management LLC bought a new stake in GraniteShares 2x Long RIVN Daily ETF in the third quarter worth about $423,000.

GraniteShares 2x Long RIVN Daily ETF Stock Performance

GraniteShares 2x Long RIVN Daily ETF stock traded up $2.13 during mid-day trading on Monday, reaching $30.63. 31,037 shares of the company’s stock were exchanged, compared to its average volume of 45,288. The business’s fifty day simple moving average is $36.34 and its 200 day simple moving average is $38.89. GraniteShares 2x Long RIVN Daily ETF has a one year low of $24.49 and a one 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.