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

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) was the recipient of a significant decline in short interest in 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. Currently, 4.7% of the company’s stock are short sold. Based on an average daily volume of 105,692 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VRTL. Group One Trading LLC raised its position in shares of 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 acquiring an additional 247 shares in the last quarter. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long VRT Daily ETF in the fourth quarter valued at approximately $50,000. Finally, Optiver Holding B.V. increased its stake in 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 purchasing an additional 4,640 shares during the last quarter.

GraniteShares 2x Long VRT Daily ETF Stock Performance

NASDAQ:VRTL traded up $5.19 during trading hours on Tuesday, hitting $49.18. The company’s stock had a trading volume of 104,399 shares, compared to its average volume of 283,788. The stock has a fifty day moving average of $52.88 and a 200-day moving average of $37.17. GraniteShares 2x Long VRT Daily ETF has a 52-week low of $9.13 and a 52-week high of $73.00.

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.