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

GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 8,016 shares, an increase of 346.8% from the June 15th total of 1,794 shares. Based on an average daily volume of 66,393 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.9% of the shares of the stock are sold short.

GraniteShares 2x Long RIVN Daily ETF Price Performance

RVNL opened at $31.28 on Tuesday. The stock’s fifty day moving average is $28.71 and its 200-day moving average is $33.85. GraniteShares 2x Long RIVN Daily ETF has a one year low of $19.25 and a one year high of $75.17.

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

A hedge fund recently raised its position in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. raised its holdings in GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL) by 82.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,558 shares of the company’s stock after acquiring an additional 7,030 shares during the quarter. Optiver Holding B.V. owned 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

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.