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

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 41,100 shares, an increase of 50.5% from the September 30th total of 27,300 shares. Based on an average daily trading volume, of 226,200 shares, the short-interest ratio is currently 0.2 days. Approximately 4.4% of the shares of the company are short sold. Approximately 4.4% of the shares of the company are short sold. Based on an average daily trading volume, of 226,200 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long MSFT Daily ETF Stock Down 1.8%

MSFL traded down $0.58 during midday trading on Tuesday, reaching $30.95. 124,437 shares of the company’s stock were exchanged, compared to its average volume of 208,738. GraniteShares 2x Long MSFT Daily ETF has a one year low of $14.97 and a one year high of $36.97. The business has a 50-day simple moving average of $31.47 and a two-hundred day simple moving average of $29.09.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long MSFT Daily ETF stock. Jane Street Group LLC bought a new stake in GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,733 shares of the company’s stock, valued at approximately $233,000. Jane Street Group LLC owned about 1.25% of GraniteShares 2x Long MSFT Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long MSFT Daily ETF Company Profile

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.