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 target of a large decline in short interest in the month of 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. Based on an average trading volume of 105,692 shares, the short-interest ratio is currently 0.2 days. Currently, 4.7% of the company’s shares are short sold.

GraniteShares 2x Long VRT Daily ETF Stock Performance

Shares of NASDAQ:VRTL traded down $4.85 during mid-day trading on Wednesday, reaching $47.24. 88,120 shares of the company were exchanged, compared to its average volume of 284,631. GraniteShares 2x Long VRT Daily ETF has a 1 year low of $9.13 and a 1 year high of $73.00. The firm’s 50-day simple moving average is $52.93 and its 200 day simple moving average is $37.39.

Institutional Investors Weigh In On GraniteShares 2x Long VRT Daily ETF

A number of institutional investors have recently modified their holdings of VRTL. Group One Trading LLC boosted its holdings in 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 valued at $31,000 after acquiring an additional 247 shares during the period. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long VRT Daily ETF during the fourth quarter worth about $50,000. Finally, Optiver Holding B.V. lifted its position in shares of GraniteShares 2x Long VRT Daily ETF by 103.7% during the first quarter. Optiver Holding B.V. now owns 9,116 shares of the company’s stock worth $924,000 after purchasing an additional 4,640 shares in the last quarter.

GraniteShares 2x Long VRT Daily ETF Company Profile

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.