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

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 117,256 shares, a growth of 540.2% from the December 31st total of 18,316 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average trading volume of 272,502 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 272,502 shares, the days-to-cover ratio is presently 0.4 days. Approximately 5.9% of the shares of the stock are short sold.

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

A number of hedge funds have recently added to or reduced their stakes in MSFL. Susquehanna International Group LLP bought a new position in shares of GraniteShares 2x Long MSFT Daily ETF in the third quarter worth about $480,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long MSFT Daily ETF in the second quarter valued at approximately $233,000. Woodward Diversified Capital LLC bought a new position in GraniteShares 2x Long MSFT Daily ETF in the 4th quarter worth approximately $202,000. Finally, Simplex Trading LLC lifted its holdings in GraniteShares 2x Long MSFT Daily ETF by 1,675.2% during 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 in the last quarter.

GraniteShares 2x Long MSFT Daily ETF Trading Up 0.6%

MSFL traded up $0.17 during trading on Wednesday, hitting $26.78. The company’s stock had a trading volume of 403,146 shares, compared to its average volume of 349,859. The firm’s 50 day moving average price is $26.59 and its two-hundred day moving average price is $29.76. GraniteShares 2x Long MSFT Daily ETF has a 12 month low of $14.97 and a 12 month high of $36.97.

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.