GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Sees Significant Decline in Short Interest

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 11,071 shares, a decline of 88.5% from the April 30th total of 96,119 shares. Currently, 5.0% of the company’s shares are short sold. Based on an average daily volume of 46,110 shares, the short-interest ratio is presently 0.2 days.

GraniteShares 2x Long MSTR Daily ETF Stock Performance

NASDAQ MSTP traded up $3.81 on Friday, reaching $42.02. The company had a trading volume of 58,183 shares, compared to its average volume of 76,214. GraniteShares 2x Long MSTR Daily ETF has a fifty-two week low of $23.00 and a fifty-two week high of $644.60. The business has a 50 day moving average of $42.60 and a two-hundred day moving average of $54.08.

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

An institutional investor recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. acquired a new stake in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned about 0.63% of GraniteShares 2x Long MSTR Daily ETF as of its most recent filing with the SEC.

GraniteShares 2x Long MSTR Daily ETF Company Profile

GraniteShares ETF Trust – GraniteShares 2x Long 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, software and services sectors. 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.