GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Short Interest Down 97.5% in May

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,481 shares, a drop of 97.5% from the April 30th total of 258,569 shares. Based on an average daily volume of 131,122 shares, the short-interest ratio is currently 0.0 days. Currently, 0.5% of the shares of the company are short sold.

GraniteShares 2x Long MARA Daily ETF Stock Performance

NASDAQ:MRAL traded down $3.73 during mid-day trading on Thursday, hitting $77.04. The stock had a trading volume of 59,124 shares, compared to its average volume of 153,350. GraniteShares 2x Long MARA Daily ETF has a twelve month low of $22.14 and a twelve month high of $366.30. The stock has a market cap of $97.84 million, a price-to-earnings ratio of -642.00 and a beta of 7.69. The company’s 50 day simple moving average is $50.67 and its 200 day simple moving average is $55.96.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP increased its stake in GraniteShares 2x Long MARA Daily ETF by 8.1% in the third quarter. Susquehanna International Group LLP now owns 23,685 shares of the company’s stock valued at $548,000 after acquiring an additional 1,779 shares during the last quarter. Group One Trading LLC bought a new position in GraniteShares 2x Long MARA Daily ETF in the third quarter valued at approximately $58,000. Foundations Investment Advisors LLC bought a new position in GraniteShares 2x Long MARA Daily ETF in the third quarter valued at approximately $208,000. HighTower Advisors LLC increased its stake in GraniteShares 2x Long MARA Daily ETF by 23.2% in the fourth quarter. HighTower Advisors LLC now owns 53,508 shares of the company’s stock valued at $246,000 after acquiring an additional 10,063 shares during the last quarter. Finally, Optiver Holding B.V. boosted its position in GraniteShares 2x Long MARA Daily ETF by 126.0% in the third quarter. Optiver Holding B.V. now owns 24,858 shares of the company’s stock valued at $575,000 after buying an additional 13,859 shares in the last quarter. 0.42% of the stock is owned by institutional investors.

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