GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Short Interest Down 72.3% in July

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 13,379 shares, a decline of 72.3% from the July 15th total of 48,320 shares. Based on an average trading volume of 63,748 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.4% of the company’s stock are short sold.

Hedge Funds Weigh In On GraniteShares 2x Long MSTR Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned about 0.63% of GraniteShares 2x Long MSTR Daily ETF as of its most recent filing with the SEC.

GraniteShares 2x Long MSTR Daily ETF Price Performance

NASDAQ MSTP opened at $12.54 on Thursday. GraniteShares 2x Long MSTR Daily ETF has a 12 month low of $10.13 and a 12 month high of $427.00. The stock’s fifty day moving average price is $15.74 and its 200-day moving average price is $31.88.

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.