GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Short Interest Up 453.1% in June

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 23,401 shares, an increase of 453.1% from the May 31st total of 4,231 shares. Currently, 10.6% of the company’s shares are short sold. Based on an average daily trading volume, of 41,685 shares, the days-to-cover ratio is currently 0.6 days.

GraniteShares 2x Long MSTR Daily ETF Price Performance

MSTP opened at $11.13 on Friday. GraniteShares 2x Long MSTR Daily ETF has a 52-week low of $11.00 and a 52-week high of $644.60. The stock’s 50 day moving average price is $39.53 and its 200-day moving average price is $44.38.

Institutional Trading of GraniteShares 2x Long MSTR Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. raised its stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) by 1,553.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 523,444 shares of the company’s stock after purchasing an additional 491,782 shares during the quarter. Optiver Holding B.V. owned approximately 237.93% of GraniteShares 2x Long MSTR Daily ETF worth $756,000 at the end of the most recent reporting period.

About GraniteShares 2x Long MSTR Daily ETF

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.