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

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 4,231 shares, a drop of 61.8% from the May 14th total of 11,071 shares. Based on an average daily trading volume, of 27,382 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.9% of the shares of the stock are short sold.

GraniteShares 2x Long MSTR Daily ETF Trading Up 5.9%

MSTP traded up $1.35 during trading on Friday, reaching $24.29. 25,108 shares of the company traded hands, compared to its average volume of 72,693. GraniteShares 2x Long MSTR Daily ETF has a 12-month low of $20.43 and a 12-month high of $644.60. The firm has a fifty day simple moving average of $41.46 and a 200 day simple moving average of $48.41.

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

An institutional investor recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. acquired a new stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 12,073 shares of the company’s stock, valued at approximately $177,000. Optiver Holding B.V. owned approximately 4.83% of GraniteShares 2x Long MSTR Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long MSTR Daily ETF Company Profile

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.