Short Interest in GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Drops By 71.0%

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 18,316 shares, a decline of 71.0% from the December 15th total of 63,061 shares. Based on an average daily trading volume, of 138,848 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.1% of the company’s stock are sold short. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 138,848 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On GraniteShares 2x Long MSFT Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Simplex Trading LLC lifted its position in GraniteShares 2x Long MSFT Daily ETF by 1,675.2% in the 2nd quarter. Simplex Trading LLC now owns 3,799 shares of the company’s stock worth $114,000 after buying an additional 3,585 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long MSFT Daily ETF in the 2nd quarter worth approximately $233,000. Susquehanna International Group LLP bought a new stake in GraniteShares 2x Long MSFT Daily ETF during the 3rd quarter valued at about $480,000. Finally, Woodward Diversified Capital LLC purchased a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the fourth quarter valued at $202,000.

GraniteShares 2x Long MSFT Daily ETF Stock Performance

GraniteShares 2x Long MSFT Daily ETF stock traded down $1.18 during trading hours on Wednesday, reaching $24.49. 337,641 shares of the company’s stock traded hands, compared to its average volume of 266,083. GraniteShares 2x Long MSFT Daily ETF has a fifty-two week low of $14.97 and a fifty-two week high of $36.97. The firm’s 50 day moving average is $27.55 and its 200-day moving average is $30.11.

About GraniteShares 2x Long MSFT Daily ETF

The GraniteShares 2x Long MSFT Daily ETF (MSFL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock. MSFL was launched on Mar 4, 2024 and is issued by GraniteShares.