GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) Shares Up 6.3% – Should You Buy?

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL)’s stock price shot up 6.3% during mid-day trading on Tuesday . The company traded as high as $109.87 and last traded at $109.32. 51,033 shares were traded during trading, a decline of 51% from the average session volume of 105,199 shares. The stock had previously closed at $102.88.

GraniteShares 2x Long VRT Daily ETF Stock Up 6.3%

The company has a 50-day simple moving average of $66.21 and a two-hundred day simple moving average of $58.00.

Institutional Trading of GraniteShares 2x Long VRT Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long VRT Daily ETF stock. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,000 shares of the company’s stock, valued at approximately $50,000. Hollencrest Capital Management owned 0.22% of GraniteShares 2x Long VRT Daily ETF as of its most recent SEC filing.

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.