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

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 18,316 shares, a drop of 71.0% from the December 15th total of 63,061 shares. Based on an average daily trading volume, of 138,848 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.1% of the shares of the stock are short sold. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 138,848 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 2x Long MSFT Daily ETF Price Performance

Shares of NASDAQ:MSFL traded down $0.32 during midday trading on Thursday, hitting $24.17. The stock had a trading volume of 349,364 shares, compared to its average volume of 275,257. The company’s 50-day moving average price is $27.55 and its 200-day moving average price is $30.11. GraniteShares 2x Long MSFT Daily ETF has a fifty-two week low of $14.97 and a fifty-two week high of $36.97.

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

Large investors have recently modified their holdings of the business. Woodward Diversified Capital LLC bought a new position in shares of GraniteShares 2x Long MSFT Daily ETF in the 4th quarter valued at $202,000. Susquehanna International Group LLP acquired a new stake in GraniteShares 2x Long MSFT Daily ETF in the third quarter valued at about $480,000. Jane Street Group LLC bought a new position in GraniteShares 2x Long MSFT Daily ETF in the second quarter valued at about $233,000. Finally, Simplex Trading LLC grew its position in GraniteShares 2x Long MSFT Daily ETF by 1,675.2% in the second quarter. Simplex Trading LLC now owns 3,799 shares of the company’s stock valued at $114,000 after acquiring an additional 3,585 shares during the last quarter.

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.