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

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 741,673 shares, a growth of 49.2% from the January 29th total of 497,055 shares. Currently, 18.4% of the company’s shares are sold short. Based on an average daily volume of 1,499,314 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 1,499,314 shares, the short-interest ratio is currently 0.5 days. Currently, 18.4% of the company’s shares are sold short.

GraniteShares 2x Long MSFT Daily ETF Trading Down 4.7%

Shares of MSFL traded down $0.85 during trading hours on Friday, hitting $17.34. 795,347 shares of the stock were exchanged, compared to its average volume of 930,427. GraniteShares 2x Long MSFT Daily ETF has a fifty-two week low of $14.97 and a fifty-two week high of $36.97. The business has a 50-day moving average of $22.74 and a 200-day moving average of $27.63.

Institutional Trading of GraniteShares 2x Long MSFT Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in MSFL. Simplex Trading LLC lifted its holdings in GraniteShares 2x Long MSFT Daily ETF by 1,675.2% in the 2nd quarter. Simplex Trading LLC now owns 3,799 shares of the company’s stock worth $114,000 after buying an additional 3,585 shares during the period. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long MSFT Daily ETF during the 2nd quarter valued at about $233,000. Susquehanna International Group LLP bought a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the third quarter valued at approximately $480,000. Woodward Diversified Capital LLC bought a new stake in shares of GraniteShares 2x Long MSFT Daily ETF in the 4th quarter worth $202,000. Finally, IMC Chicago LLC bought a new stake in GraniteShares 2x Long MSFT Daily ETF in the 4th quarter worth about $297,000.

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.