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 target of a significant 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. Based on an average trading volume of 254,422 shares, the days-to-cover ratio is presently 0.4 days. Currently, 5.5% of the company’s stock are sold short.

GraniteShares 2x Long VRT Daily ETF Trading Up 4.9%

VRTL traded up $1.70 on Friday, reaching $36.09. The company’s stock 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 business’s 50 day moving average is $40.59 and its 200 day moving average is $41.69.

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

A number of institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. boosted its stake 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 valued at $924,000 after buying an additional 4,640 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long VRT Daily ETF during the fourth quarter worth approximately $50,000. Finally, Group One Trading LLC increased its stake in shares of GraniteShares 2x Long VRT Daily ETF by 404.9% in the first quarter. Group One Trading LLC now owns 308 shares of the company’s stock worth $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.