Short Interest in GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Declines By 49.9%

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,246 shares, a decrease of 49.9% from the May 14th total of 6,481 shares. Based on an average daily volume of 129,520 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the company’s stock are short sold.

GraniteShares 2x Long MARA Daily ETF Trading Up 6.6%

MRAL stock traded up $4.61 during mid-day trading on Friday, hitting $74.00. The stock had a trading volume of 101,625 shares, compared to its average volume of 151,247. GraniteShares 2x Long MARA Daily ETF has a 1-year low of $22.14 and a 1-year high of $366.30. The company has a fifty day moving average of $60.73 and a 200 day moving average of $53.81. The stock has a market capitalization of $93.98 million, a price-to-earnings ratio of -616.67 and a beta of 7.91.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MRAL. Sara Bay Financial increased its position in GraniteShares 2x Long MARA Daily ETF by 159.2% in the 4th quarter. Sara Bay Financial now owns 133,580 shares of the company’s stock worth $657,000 after purchasing an additional 82,051 shares during the last quarter. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MARA Daily ETF in the 1st quarter worth about $172,000. Optiver Holding B.V. increased its position in GraniteShares 2x Long MARA Daily ETF by 128.4% in the 1st quarter. Optiver Holding B.V. now owns 70,408 shares of the company’s stock worth $202,000 after purchasing an additional 39,586 shares during the last quarter. HUB Investment Partners LLC increased its position in GraniteShares 2x Long MARA Daily ETF by 58.3% in the 2nd quarter. HUB Investment Partners LLC now owns 71,030 shares of the company’s stock worth $1,410,000 after purchasing an additional 26,170 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in GraniteShares 2x Long MARA Daily ETF by 23.2% in the 4th quarter. HighTower Advisors LLC now owns 53,508 shares of the company’s stock worth $246,000 after purchasing an additional 10,063 shares during the last quarter. 0.42% of the stock is owned by institutional investors and hedge funds.

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