GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) Short Interest Down 45.8% in May

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTLGet Free Report) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 36,182 shares, a decrease of 45.8% from the May 14th total of 66,768 shares. Based on an average daily volume of 107,175 shares, the days-to-cover ratio is currently 0.3 days. Approximately 9.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

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

GraniteShares 2x Long VRT Daily ETF Price Performance

Shares of NASDAQ:VRTL traded up $3.53 during trading on Friday, reaching $133.75. 63,186 shares of the stock were exchanged, compared to its average volume of 94,298. GraniteShares 2x Long VRT Daily ETF has a 1-year low of $27.40 and a 1-year high of $219.00. The stock has a fifty day moving average of $154.41 and a two-hundred day moving average of $104.62.

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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