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

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) saw a significant decrease in short interest during 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 shares of the company are sold short.

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

Several institutional investors and hedge funds have recently made changes to their positions in VRTL. Optiver Holding B.V. grew its position 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 acquired a new stake in GraniteShares 2x Long VRT Daily ETF during the fourth quarter worth approximately $50,000. Finally, Group One Trading LLC grew its position in 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 worth $31,000 after buying an additional 247 shares in the last quarter.

GraniteShares 2x Long VRT Daily ETF Price Performance

Shares of GraniteShares 2x Long VRT Daily ETF stock traded up $7.87 on Monday, hitting $141.62. The stock had a trading volume of 90,332 shares, compared to its average volume of 94,239. GraniteShares 2x Long VRT Daily ETF has a twelve month low of $27.40 and a twelve month high of $219.00. The business’s 50 day moving average is $154.41 and its two-hundred day moving average is $104.95.

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.