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

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 36,182 shares, a decrease of 45.8% from the May 14th total of 66,768 shares. Approximately 9.5% of the company’s stock are sold short. Based on an average daily volume of 107,175 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of GraniteShares 2x Long VRT Daily ETF

Hedge funds have recently bought and sold shares of the business. Group One Trading LLC lifted its holdings in GraniteShares 2x Long VRT Daily ETF by 404.9% during the first quarter. Group One Trading LLC now owns 308 shares of the company’s stock worth $31,000 after acquiring an additional 247 shares during the period. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long VRT Daily ETF during the fourth quarter worth $50,000. Finally, Optiver Holding B.V. lifted its holdings in GraniteShares 2x Long VRT Daily ETF by 103.7% during the first quarter. Optiver Holding B.V. now owns 9,116 shares of the company’s stock worth $924,000 after acquiring an additional 4,640 shares during the period.

GraniteShares 2x Long VRT Daily ETF Stock Performance

Shares of VRTL stock traded up $3.53 on Friday, hitting $133.75. The stock had a trading volume of 63,186 shares, compared to its average volume of 94,298. The business has a 50 day moving average of $154.41 and a 200 day moving average of $104.62. GraniteShares 2x Long VRT Daily ETF has a 12-month low of $27.40 and a 12-month high of $219.00.

About GraniteShares 2x Long VRT Daily ETF

GraniteShares ETF Trust – GraniteShares 2x Long VRT Daily ETF is an exchange traded fund launched and managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across industrials, capital goods, machinery, industrial machinery and supplies and components sectors. It uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.