Short Interest in GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) Drops By 50.5%

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTLGet Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 17,911 shares, a decline 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 presently 0.2 days. Approximately 4.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Group One Trading LLC increased its holdings 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 valued at $31,000 after purchasing an additional 247 shares during the last quarter. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long VRT Daily ETF in the fourth quarter worth about $50,000. Finally, Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Long VRT Daily ETF by 103.7% during the first 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 last quarter.

GraniteShares 2x Long VRT Daily ETF Price Performance

Shares of NASDAQ:VRTL traded down $3.19 during midday trading on Thursday, reaching $41.68. 208,402 shares of the company’s stock were exchanged, compared to its average volume of 285,185. The company’s 50 day simple moving average is $52.79 and its two-hundred day simple moving average is $37.56. GraniteShares 2x Long VRT Daily ETF has a 12 month low of $9.13 and a 12 month high of $73.00.

About GraniteShares 2x Long VRT Daily ETF

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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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