GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) Short Interest Down 45.3% in March

GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,920 shares, a decline of 45.3% from the February 26th total of 5,339 shares. Based on an average trading volume of 5,659 shares, the short-interest ratio is presently 0.5 days. Approximately 9.7% of the shares of the company are sold short.

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

A hedge fund recently bought a new stake in GraniteShares 2x Short MSTR Daily ETF stock. Optiver Holding B.V. bought a new position in shares of GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,016 shares of the company’s stock, valued at approximately $492,000. Optiver Holding B.V. owned about 56.72% of GraniteShares 2x Short MSTR Daily ETF at the end of the most recent quarter.

GraniteShares 2x Short MSTR Daily ETF Stock Performance

Shares of MSDD stock traded up $6.44 during mid-day trading on Friday, hitting $67.21. 6,252 shares of the stock were exchanged, compared to its average volume of 7,833. The stock’s fifty day simple moving average is $72.24 and its two-hundred day simple moving average is $61.06. GraniteShares 2x Short MSTR Daily ETF has a 12-month low of $17.13 and a 12-month high of $156.71.

About GraniteShares 2x Short MSTR Daily ETF

GraniteShares ETF Trust – GraniteShares 2x Short 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 and software. 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. GraniteShares ETF Trust – GraniteShares 2x Short MSTR Daily ETF is domiciled in the United States.