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

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTLGet Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 17,911 shares, a decrease of 50.5% from the May 31st total of 36,182 shares. Based on an average daily trading volume, of 105,692 shares, the short-interest ratio is currently 0.2 days. Approximately 4.7% of the company’s stock are sold short.

GraniteShares 2x Long VRT Daily ETF Trading Up 11.8%

NASDAQ:VRTL traded up $5.19 during mid-day trading on Tuesday, reaching $49.18. 104,399 shares of the stock were exchanged, compared to its average volume of 283,788. GraniteShares 2x Long VRT Daily ETF has a 1 year low of $9.13 and a 1 year high of $73.00. The company has a 50 day simple moving average of $52.88 and a 200-day simple moving average of $37.17.

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

A number of hedge funds have recently modified their holdings of the business. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long VRT Daily ETF in the 4th quarter valued at $50,000. Optiver Holding B.V. boosted 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 purchasing an additional 4,640 shares during the period. Finally, Group One Trading LLC boosted its stake in 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 worth $31,000 after purchasing an additional 247 shares during the period.

GraniteShares 2x Long VRT Daily ETF Company Profile

(Get Free Report)

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.

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