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

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 88,436 shares, a growth of 393.8% from the June 15th total of 17,911 shares. Based on an average daily volume of 312,714 shares, the days-to-cover ratio is currently 0.3 days. Approximately 7.0% of the company’s stock are short sold.

GraniteShares 2x Long VRT Daily ETF Stock Performance

Shares of VRTL stock traded down $1.50 during trading on Friday, reaching $46.40. The company’s stock had a trading volume of 67,162 shares, compared to its average volume of 281,277. GraniteShares 2x Long VRT Daily ETF has a one year low of $10.35 and a one year high of $73.00. The business has a fifty day moving average price of $51.84 and a 200-day moving average price of $38.82.

Hedge Funds Weigh In On GraniteShares 2x Long VRT Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. boosted its holdings in shares of 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 bought a new position in GraniteShares 2x Long VRT Daily ETF in the 4th quarter valued at about $50,000. Finally, Group One Trading LLC raised its position in shares of 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 in 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.