GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 23,401 shares, a growth of 453.1% from the May 31st total of 4,231 shares. Approximately 10.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,685 shares, the days-to-cover ratio is presently 0.6 days.
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. Optiver Holding B.V. acquired a new stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,073 shares of the company’s stock, valued at approximately $177,000. Optiver Holding B.V. owned approximately 4.83% of GraniteShares 2x Long MSTR Daily ETF as of its most recent SEC filing.
GraniteShares 2x Long MSTR Daily ETF Trading Down 7.4%
Shares of MSTP stock traded down $0.82 during trading hours on Friday, hitting $10.31. 54,140 shares of the company’s stock were exchanged, compared to its average volume of 71,479. GraniteShares 2x Long MSTR Daily ETF has a fifty-two week low of $10.13 and a fifty-two week high of $644.60. The firm has a 50 day moving average of $38.98 and a two-hundred day moving average of $44.14.
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.
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