GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Sees Significant Drop in Short Interest

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 3,246 shares, a decline of 49.9% from the May 14th total of 6,481 shares. Based on an average daily volume of 129,520 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of GraniteShares 2x Long MARA Daily ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Group One Trading LLC bought a new stake in GraniteShares 2x Long MARA Daily ETF in the third quarter valued at $58,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MARA Daily ETF in the 1st quarter worth about $172,000. Optiver Holding B.V. grew its position in 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 worth $202,000 after purchasing an additional 39,586 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of 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 purchasing an additional 10,063 shares during the period. Finally, Sara Bay Financial raised its holdings in shares of GraniteShares 2x Long MARA Daily ETF by 30.5% during the first quarter. Sara Bay Financial now owns 174,363 shares of the company’s stock valued at $500,000 after buying an additional 40,783 shares during the last quarter. 0.42% of the stock is currently owned by institutional investors and hedge funds.

GraniteShares 2x Long MARA Daily ETF Stock Performance

Shares of NASDAQ:MRAL opened at $74.00 on Friday. The company’s fifty day moving average is $60.73 and its two-hundred day moving average is $53.81. GraniteShares 2x Long MARA Daily ETF has a 1-year low of $22.14 and a 1-year high of $366.30. The stock has a market capitalization of $93.98 million, a price-to-earnings ratio of -616.67 and a beta of 7.91.

GraniteShares 2x Long MARA Daily ETF Company Profile

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