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

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 22,910 shares, a decrease of 63.7% from the August 15th total of 63,057 shares. Based on an average trading volume of 205,123 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.3% of the company’s stock are sold short.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long MARA Daily ETF by 128.4% during the 1st quarter. Optiver Holding B.V. now owns 70,408 shares of the company’s stock worth $202,000 after buying an additional 39,586 shares during the last quarter. Sara Bay Financial increased its position in shares of GraniteShares 2x Long MARA Daily ETF by 30.5% in the first quarter. Sara Bay Financial now owns 174,363 shares of the company’s stock valued at $500,000 after acquiring an additional 40,783 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MARA Daily ETF in the first quarter valued at about $172,000. 0.42% of the stock is currently owned by institutional investors and hedge funds.

GraniteShares 2x Long MARA Daily ETF Trading Down 3.4%

Shares of NASDAQ MRAL traded down $1.31 during midday trading on Tuesday, reaching $37.38. The company’s stock had a trading volume of 37,087 shares, compared to its average volume of 140,944. The stock has a 50 day simple moving average of $41.39 and a 200-day simple moving average of $50.17. The stock has a market capitalization of $74.72 million, a price-to-earnings ratio of -314.20 and a beta of 7.95. GraniteShares 2x Long MARA Daily ETF has a fifty-two week low of $22.14 and a fifty-two week high of $366.30.

About GraniteShares 2x Long MARA Daily ETF

GraniteShares 2x Long MARA Daily ETF is an ETF incorporated in the United States. The Fund seeks daily investment results, before fees and expenses, of +200% of the daily performance of the common stock of MARA holdings Inc