GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Short Interest Update

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 61,784 shares, a growth of 164.0% from the June 15th total of 23,401 shares. Based on an average trading volume of 71,674 shares, the short-interest ratio is currently 0.9 days. Currently, 12.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. acquired a new position in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned 0.63% of GraniteShares 2x Long MSTR Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long MSTR Daily ETF Stock Performance

Shares of MSTP traded down $0.01 during mid-day trading on Wednesday, hitting $13.80. 83,490 shares of the company traded hands, compared to its average volume of 74,732. The business has a 50 day moving average of $30.16 and a 200 day moving average of $39.12. GraniteShares 2x Long MSTR Daily ETF has a 1-year low of $10.13 and a 1-year high of $643.18.

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.