GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Sees Large Growth in Short Interest

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 38,200 shares, a growth of 19.4% from the February 28th total of 32,000 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 212,800 shares, the short-interest ratio is currently 0.2 days.

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

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in GraniteShares 2x Long MSFT Daily ETF during the 4th quarter valued at about $229,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the fourth quarter valued at approximately $398,000. Finally, Optiver Holding B.V. grew its stake in GraniteShares 2x Long MSFT Daily ETF by 1,369.9% in the fourth quarter. Optiver Holding B.V. now owns 88,047 shares of the company’s stock worth $2,046,000 after purchasing an additional 82,057 shares during the period.

GraniteShares 2x Long MSFT Daily ETF Stock Performance

MSFL stock traded down $0.80 during midday trading on Thursday, hitting $17.70. The company had a trading volume of 111,917 shares, compared to its average volume of 120,395. GraniteShares 2x Long MSFT Daily ETF has a 52 week low of $17.08 and a 52 week high of $30.40. The stock’s 50 day moving average price is $20.79 and its 200 day moving average price is $22.99.

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.