GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,983 shares, a drop of 76.2% from the August 31st total of 20,923 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 57,858 shares, the days-to-cover ratio is currently 0.1 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. boosted its holdings in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Free Report) by 1,553.2% during the first quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.
GraniteShares 2x Long MSTR Daily ETF Stock Performance
NASDAQ MSTP traded down $1.15 during mid-day trading on Friday, reaching $30.45. 35,051 shares of the stock were exchanged, compared to its average volume of 73,021. The business’s 50 day moving average is $19.09 and its 200-day moving average is $28.24. GraniteShares 2x Long MSTR Daily ETF has a 1 year low of $10.13 and a 1 year high of $368.66.
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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