Short Interest in GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) Drops By 53.9%

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 94,595 shares, a decline of 53.9% from the July 15th total of 205,302 shares. Approximately 5.5% of the company’s stock are short sold. Based on an average trading volume of 254,422 shares, the short-interest ratio is currently 0.4 days.

GraniteShares 2x Long VRT Daily ETF Stock Up 4.9%

NASDAQ VRTL traded up $1.70 on Friday, reaching $36.09. The company had a trading volume of 68,011 shares, compared to its average volume of 267,395. GraniteShares 2x Long VRT Daily ETF has a 1 year low of $10.35 and a 1 year high of $73.00. The firm has a 50-day moving average of $40.59 and a 200-day moving average of $41.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. increased its stake in GraniteShares 2x Long VRT Daily ETF by 103.7% during the 1st quarter. Optiver Holding B.V. now owns 9,116 shares of the company’s stock worth $924,000 after buying an additional 4,640 shares during the period. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long VRT Daily ETF in the 4th quarter valued at about $50,000. Finally, Group One Trading LLC boosted its position in GraniteShares 2x Long VRT Daily ETF by 404.9% in the 1st quarter. Group One Trading LLC now owns 308 shares of the company’s stock valued at $31,000 after buying an additional 247 shares during the last quarter.

GraniteShares 2x Long VRT Daily ETF Company Profile

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.