GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) Sees Significant Decrease in Short Interest

GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 953 shares, a decline of 91.4% from the May 31st total of 11,045 shares. Based on an average daily volume of 24,584 shares, the days-to-cover ratio is presently 0.0 days. Approximately 3.2% of the company’s stock are sold short.

Institutional Trading of GraniteShares 2x Short MSTR Daily ETF

An institutional investor recently bought a new stake in GraniteShares 2x Short MSTR Daily ETF stock. Optiver Holding B.V. purchased a new stake in GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) during the third quarter, according to its most recent filing with the SEC. The firm purchased 17,016 shares of the company’s stock, valued at approximately $492,000. Optiver Holding B.V. owned 56.72% of GraniteShares 2x Short MSTR Daily ETF at the end of the most recent quarter.

GraniteShares 2x Short MSTR Daily ETF Price Performance

Shares of NASDAQ MSDD remained flat at $47.88 during midday trading on Friday. The firm’s 50-day moving average is $37.67 and its two-hundred day moving average is $60.96. GraniteShares 2x Short MSTR Daily ETF has a one year low of $17.13 and a one year 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.