GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Stock Falls 3.6% – Time to Sell?

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP)’s stock price traded down 3.6% on Friday. The company traded as low as $29.81 and last traded at $30.45. 35,051 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 73,021 shares. The stock had previously closed at $31.60.

GraniteShares 2x Long MSTR Daily ETF Stock Down 3.6%

The stock has a fifty day moving average of $19.09 and a 200-day moving average of $28.24.

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

An institutional investor recently raised its stake in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) by 1,553.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 523,444 shares of the company’s stock after purchasing an additional 491,782 shares during the period. Optiver Holding B.V. owned approximately 237.93% of GraniteShares 2x Long MSTR Daily ETF worth $756,000 at the end of the most recent reporting period.

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.