GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Sees Significant Decrease in Short Interest

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,983 shares, a decrease of 76.2% from the August 31st total of 20,923 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 57,858 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of GraniteShares 2x Long MSTR Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) by 1,553.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 523,444 shares of the company’s stock after buying an additional 491,782 shares during the quarter. Optiver Holding B.V. owned approximately 237.93% of GraniteShares 2x Long MSTR Daily ETF worth $756,000 as of its most recent SEC filing.

GraniteShares 2x Long MSTR Daily ETF Trading Up 1.8%

Shares of GraniteShares 2x Long MSTR Daily ETF stock traded up $0.55 during midday trading on Monday, hitting $30.80. 24,894 shares of the company traded hands, compared to its average volume of 72,760. The firm’s fifty day moving average price is $19.09 and its 200-day moving average price is $28.18. GraniteShares 2x Long MSTR Daily ETF has a 12 month low of $10.13 and a 12 month high of $368.66.

About GraniteShares 2x Long MSTR Daily ETF

GraniteShares ETF Trust – GraniteShares 2x Long MSTR Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. It uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.