GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 4,836 shares, a decline of 57.4% from the July 15th total of 11,347 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 94,717 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of GraniteShares 2x Long RIVN Daily ETF
An institutional investor recently raised its stake in GraniteShares 2x Long RIVN Daily ETF stock. Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long RIVN Daily ETF (NASDAQ:RVNL – Free Report) by 82.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 about 5.56% of GraniteShares 2x Long RIVN Daily ETF worth $444,000 at the end of the most recent quarter.
GraniteShares 2x Long RIVN Daily ETF Stock Performance
RVNL traded down $1.55 during trading on Friday, reaching $23.12. 42,596 shares of the company’s stock were exchanged, compared to its average volume of 65,853. 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 $28.84 and its 200-day simple moving average is $29.91.
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.
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