Short Interest in GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) Decreases By 53.9%

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 94,595 shares, a drop of 53.9% from the July 15th total of 205,302 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily volume of 254,422 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VRTL. Group One Trading LLC lifted 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 worth $31,000 after acquiring an additional 247 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long VRT Daily ETF during the 4th quarter valued at approximately $50,000. Finally, Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Long VRT Daily ETF by 103.7% during the 1st 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

Shares of VRTL opened at $36.09 on Monday. GraniteShares 2x Long VRT Daily ETF has a 52-week low of $10.35 and a 52-week high of $73.00. The business’s fifty day moving average is $40.59 and its 200-day moving average is $41.84.

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.