GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) Stock Price Down 2.3% – Here’s Why

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL)’s share price were down 2.3% during mid-day trading on Tuesday . The company traded as low as $156.56 and last traded at $157.59. Approximately 112,824 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 92,394 shares. The stock had previously closed at $161.37.

GraniteShares 2x Long VRT Daily ETF Stock Performance

The business’s 50-day moving average is $146.30 and its two-hundred day moving average is $97.33.

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

A number of institutional investors have recently modified their holdings of VRTL. Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long VRT Daily ETF by 307.4% during the 3rd quarter. Optiver Holding B.V. now owns 10,722 shares of the company’s stock valued at $521,000 after buying an additional 8,090 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long VRT Daily ETF during the 4th quarter valued at about $50,000. Finally, Group One Trading LLC grew its position in shares of GraniteShares 2x Long VRT Daily ETF by 404.9% during 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.

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.