Short Interest in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Increases By 164.0%

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 61,784 shares, an increase of 164.0% from the June 15th total of 23,401 shares. Based on an average daily trading volume, of 71,674 shares, the days-to-cover ratio is currently 0.9 days. Currently, 12.9% of the shares of the stock are sold short.

GraniteShares 2x Long MSTR Daily ETF Stock Performance

Shares of GraniteShares 2x Long MSTR Daily ETF stock opened at $12.40 on Tuesday. GraniteShares 2x Long MSTR Daily ETF has a 1 year low of $10.13 and a 1 year high of $644.60. The business has a 50 day moving average price of $31.08 and a 200 day moving average price of $39.45.

Hedge Funds Weigh In On GraniteShares 2x Long MSTR Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned 0.63% of GraniteShares 2x Long MSTR Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long MSTR Daily ETF Company Profile

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.