GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 23,401 shares, an increase of 453.1% from the May 31st total of 4,231 shares. Approximately 10.6% of the company’s shares are sold short. Based on an average daily trading volume, of 41,685 shares, the days-to-cover ratio is currently 0.6 days.
GraniteShares 2x Long MSTR Daily ETF Trading Down 7.4%
MSTP stock traded down $0.82 during mid-day trading on Friday, reaching $10.31. 54,140 shares of the stock traded hands, compared to its average volume of 71,479. GraniteShares 2x Long MSTR Daily ETF has a one year low of $10.13 and a one year high of $644.60. The business has a 50-day moving average price of $38.98 and a two-hundred day moving average price of $44.14.
Hedge Funds Weigh In On GraniteShares 2x Long MSTR Daily ETF
An institutional investor recently bought a new stake in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. acquired a new position in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned 0.63% of GraniteShares 2x Long MSTR Daily ETF at the end of the most recent reporting period.
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.
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