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

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

GraniteShares 2x Long VRT Daily ETF Price Performance

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Group One Trading LLC increased its holdings in shares of GraniteShares 2x Long VRT Daily ETF by 404.9% during the first quarter. Group One Trading LLC now owns 308 shares of the company’s stock valued at $31,000 after acquiring an additional 247 shares in the last quarter. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long VRT Daily ETF during the 4th quarter valued at $50,000. Finally, Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long VRT Daily ETF by 103.7% in the first 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 in 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.