Short Interest in GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Drops By 58.8%

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 63,061 shares, a drop of 58.8% from the November 30th total of 153,244 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average daily trading volume, of 199,552 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 199,552 shares, the short-interest ratio is currently 0.3 days. Currently, 4.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MSFL. Susquehanna International Group LLP acquired a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the 3rd quarter worth approximately $480,000. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long MSFT Daily ETF in the 2nd quarter valued at $233,000. Finally, Simplex Trading LLC lifted its stake in shares of GraniteShares 2x Long MSFT Daily ETF by 1,675.2% in the 2nd quarter. Simplex Trading LLC now owns 3,799 shares of the company’s stock valued at $114,000 after purchasing an additional 3,585 shares during the period.

GraniteShares 2x Long MSFT Daily ETF Price Performance

Shares of MSFL stock opened at $27.69 on Friday. The business has a 50-day simple moving average of $29.13 and a 200-day simple moving average of $30.27. GraniteShares 2x Long MSFT Daily ETF has a 52-week low of $14.97 and a 52-week high of $36.97.

GraniteShares 2x Long MSFT Daily ETF Company Profile

The GraniteShares 2x Long MSFT Daily ETF (MSFL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock. MSFL was launched on Mar 4, 2024 and is issued by GraniteShares.