Short Interest in GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Grows By 540.2%

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 117,256 shares, a growth of 540.2% from the December 31st total of 18,316 shares. Currently, 5.9% of the shares of the company are sold short. Based on an average trading volume of 272,502 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 272,502 shares, the days-to-cover ratio is currently 0.4 days. Currently, 5.9% of the shares of the company are sold short.

Institutional Trading of GraniteShares 2x Long MSFT Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new stake in shares of GraniteShares 2x Long MSFT Daily ETF in the 3rd quarter valued at $480,000. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long MSFT Daily ETF in the second quarter worth $233,000. Woodward Diversified Capital LLC bought a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the 4th quarter valued at about $202,000. Finally, Simplex Trading LLC grew its holdings in shares of GraniteShares 2x Long MSFT Daily ETF by 1,675.2% during the 2nd quarter. Simplex Trading LLC now owns 3,799 shares of the company’s stock worth $114,000 after acquiring an additional 3,585 shares during the period.

GraniteShares 2x Long MSFT Daily ETF Price Performance

NASDAQ MSFL traded up $1.16 on Tuesday, hitting $26.61. 433,584 shares of the stock traded hands, compared to its average volume of 349,512. The business’s fifty day moving average is $26.59 and its two-hundred day moving average is $29.76. GraniteShares 2x Long MSFT Daily ETF has a 12 month low of $14.97 and a 12 month high of $36.97.

GraniteShares 2x Long MSFT Daily ETF Company Profile

The GraniteShares 2x Long MSFT Daily ETF (MSFL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Microsoft stock. MSFL was launched on Mar 4, 2024 and is issued by GraniteShares.