GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Short Interest Up 116.8% in August

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 63,057 shares, an increase of 116.8% from the July 30th total of 29,089 shares. Based on an average daily volume of 94,864 shares, the short-interest ratio is presently 0.7 days. Approximately 6.2% of the shares of the company are short sold.

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

A number of institutional investors have recently bought and sold shares of MRAL. Sara Bay Financial grew its position in GraniteShares 2x Long MARA Daily ETF by 30.5% in the first quarter. Sara Bay Financial now owns 174,363 shares of the company’s stock valued at $500,000 after acquiring an additional 40,783 shares during the period. HUB Investment Partners LLC boosted its stake in shares of GraniteShares 2x Long MARA Daily ETF by 58.3% in the 2nd quarter. HUB Investment Partners LLC now owns 71,030 shares of the company’s stock valued at $1,410,000 after purchasing an additional 26,170 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long MARA Daily ETF by 128.4% in the 1st quarter. Optiver Holding B.V. now owns 70,408 shares of the company’s stock valued at $202,000 after purchasing an additional 39,586 shares in the last quarter. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MARA Daily ETF in the 1st quarter worth about $172,000. Finally, HighTower Advisors LLC grew its holdings in shares of GraniteShares 2x Long MARA Daily ETF by 23.2% in the 4th quarter. HighTower Advisors LLC now owns 53,508 shares of the company’s stock worth $246,000 after purchasing an additional 10,063 shares during the last quarter. Institutional investors and hedge funds own 0.42% of the company’s stock.

GraniteShares 2x Long MARA Daily ETF Trading Down 20.6%

MRAL traded down $8.93 during midday trading on Friday, reaching $34.46. The company’s stock had a trading volume of 187,697 shares, compared to its average volume of 142,893. The company has a fifty day simple moving average of $48.27 and a 200 day simple moving average of $49.32. The stock has a market cap of $34.80 million, a P/E ratio of -287.17 and a beta of 8.03. GraniteShares 2x Long MARA Daily ETF has a twelve month low of $22.14 and a twelve month high of $366.30.

About GraniteShares 2x Long MARA Daily ETF

GraniteShares 2x Long MARA Daily ETF is an ETF incorporated in the United States. The Fund seeks daily investment results, before fees and expenses, of +200% of the daily performance of the common stock of MARA holdings Inc