GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 13,379 shares, a drop of 72.3% from the July 15th total of 48,320 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 63,748 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On GraniteShares 2x Long MSTR Daily ETF
A hedge fund recently raised its stake in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. lifted its position in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Free Report) by 1,553.2% during the 1st quarter, according to its most recent filing 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 quarter. Optiver Holding B.V. owned approximately 237.93% of GraniteShares 2x Long MSTR Daily ETF worth $756,000 as of its most recent filing with the Securities and Exchange Commission.
GraniteShares 2x Long MSTR Daily ETF Stock Down 8.2%
Shares of MSTP traded down $1.08 during trading hours on Friday, reaching $12.08. 76,770 shares of the company traded hands, compared to its average volume of 71,331. The stock’s fifty day moving average is $15.24 and its 200 day moving average is $31.40. GraniteShares 2x Long MSTR Daily ETF has a 1-year low of $10.13 and a 1-year high of $405.40.
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.
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