GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Short Interest Up 116.8% in August

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 63,057 shares, an increase of 116.8% from the July 30th total of 29,089 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily volume of 94,864 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MARA Daily ETF during the third quarter worth approximately $58,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MARA Daily ETF in the first quarter worth $172,000. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long MARA Daily ETF by 128.4% in the first quarter. Optiver Holding B.V. now owns 70,408 shares of the company’s stock worth $202,000 after acquiring an additional 39,586 shares during the last quarter. HighTower Advisors LLC increased its position in GraniteShares 2x Long MARA Daily ETF by 23.2% during the fourth quarter. HighTower Advisors LLC now owns 53,508 shares of the company’s stock worth $246,000 after acquiring an additional 10,063 shares during the period. Finally, Sara Bay Financial increased its position in 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 worth $500,000 after acquiring an additional 40,783 shares during the period. 0.42% of the stock is owned by institutional investors.

GraniteShares 2x Long MARA Daily ETF Stock Performance

GraniteShares 2x Long MARA Daily ETF stock opened at $34.46 on Monday. GraniteShares 2x Long MARA Daily ETF has a 52 week low of $22.14 and a 52 week high of $366.30. The firm has a market capitalization of $34.80 million, a PE ratio of -287.17 and a beta of 8.03. The business’s 50-day simple moving average is $48.27 and its 200-day simple moving average is $49.44.

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