Short Interest in GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Drops By 66.0%

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 13,000 shares, a decrease of 66.0% from the March 15th total of 38,200 shares. Based on an average daily volume of 248,200 shares, the short-interest ratio is presently 0.1 days. Approximately 1.1% of the shares of the stock are sold short.

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

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in GraniteShares 2x Long MSFT Daily ETF during the fourth quarter valued at approximately $229,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Long MSFT Daily ETF during the fourth quarter valued at about $398,000. Finally, Optiver Holding B.V. increased its stake in shares of 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 Price Performance

NASDAQ MSFL traded down $0.24 on Tuesday, hitting $18.55. 234,078 shares of the company were exchanged, compared to its average volume of 132,104. GraniteShares 2x Long MSFT Daily ETF has a twelve month low of $14.97 and a twelve month high of $30.40. The company’s 50 day moving average price is $19.55 and its 200-day moving average price is $22.45.

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.