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

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 475,054 shares, a growth of 488.4% from the August 31st total of 80,735 shares. Currently, 26.8% of the shares of the stock are short sold. Based on an average trading volume of 255,599 shares, the days-to-cover ratio is currently 1.9 days.

GraniteShares 2x Long VRT Daily ETF Stock Performance

VRTL opened at $25.02 on Friday. GraniteShares 2x Long VRT Daily ETF has a 12-month low of $13.47 and a 12-month high of $73.00. The stock has a fifty day moving average of $29.60 and a 200-day moving average of $41.17.

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

A hedge fund recently raised its stake in GraniteShares 2x Long VRT Daily ETF stock. Group One Trading LLC lifted its holdings in GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) by 404.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 308 shares of the company’s stock after purchasing an additional 247 shares during the period. Group One Trading LLC owned 0.08% of GraniteShares 2x Long VRT Daily ETF worth $31,000 as of its most recent filing with the SEC.

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.