GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) Stock Price Up 5% – Here’s Why

GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL)’s stock price rose 5% on Friday . The company traded as high as $140.82 and last traded at $138.53. Approximately 44,351 shares changed hands during trading, a decline of 52% from the average daily volume of 93,251 shares. The stock had previously closed at $131.91.

GraniteShares 2x Long VRT Daily ETF Trading Up 5.0%

The stock’s 50-day moving average is $104.30 and its two-hundred day moving average is $74.78.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long VRT Daily ETF stock. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long VRT Daily ETF (NASDAQ:VRTL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 filing with the SEC.

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.