Short Interest in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Declines By 72.3%

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 13,379 shares, a decrease of 72.3% from the July 15th total of 48,320 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 63,748 shares, the days-to-cover ratio is presently 0.2 days.

GraniteShares 2x Long MSTR Daily ETF Trading Down 0.6%

Shares of GraniteShares 2x Long MSTR Daily ETF stock opened at $12.54 on Thursday. GraniteShares 2x Long MSTR Daily ETF has a 1 year low of $10.13 and a 1 year high of $427.00. The company has a 50-day moving average of $15.74 and a 200 day moving average of $31.88.

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

An institutional investor recently bought a new stake in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. purchased a new position in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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 as of its most recent SEC filing.

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.