GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Get Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 4,231 shares, a drop of 61.8% from the May 14th total of 11,071 shares. Based on an average daily trading volume, of 27,382 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.9% of the company’s shares are sold short.
GraniteShares 2x Long MSTR Daily ETF Trading Up 5.9%
MSTP traded up $1.35 on Friday, reaching $24.29. 25,108 shares of the company traded hands, compared to its average volume of 72,693. GraniteShares 2x Long MSTR Daily ETF has a one year low of $20.43 and a one year high of $644.60. The firm has a fifty day simple moving average of $41.46 and a two-hundred day simple moving average of $48.41.
Institutional Investors Weigh In On GraniteShares 2x Long MSTR Daily ETF
A hedge fund recently bought a new stake in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned approximately 0.63% of GraniteShares 2x Long MSTR Daily ETF 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.
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