GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) Sees Large Drop in Short Interest

GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 2,920 shares, a drop of 45.3% from the February 26th total of 5,339 shares. Based on an average daily volume of 5,659 shares, the short-interest ratio is presently 0.5 days. Currently, 9.7% of the company’s stock are sold short.

GraniteShares 2x Short MSTR Daily ETF Stock Performance

NASDAQ MSDD traded up $6.44 during mid-day trading on Friday, hitting $67.21. The company’s stock had a trading volume of 6,252 shares, compared to its average volume of 7,833. The company’s 50 day simple moving average is $72.24 and its 200 day simple moving average is $60.62. GraniteShares 2x Short MSTR Daily ETF has a twelve month low of $17.13 and a twelve month high of $156.71.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Short MSTR Daily ETF stock. Optiver Holding B.V. bought a new position in GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,016 shares of the company’s stock, valued at approximately $492,000. Optiver Holding B.V. owned about 56.72% of GraniteShares 2x Short MSTR Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Short MSTR Daily ETF Company Profile

GraniteShares ETF Trust – GraniteShares 2x Short MSTR Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology and software. It uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. GraniteShares ETF Trust – GraniteShares 2x Short MSTR Daily ETF is domiciled in the United States.