GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Stock Short Interest Falls 35.8%

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 7,157 shares, a drop of 35.8% from the September 30th total of 11,154 shares. Based on an average daily volume of 45,921 shares, the short-interest ratio is currently 0.2 days. Approximately 1.1% of the shares of the stock are short sold.

GraniteShares 2x Long MSTR Daily ETF Trading Up 7.8%

NASDAQ MSTP opened at $20.57 on Wednesday. GraniteShares 2x Long MSTR Daily ETF has a twelve month low of $10.13 and a twelve month high of $176.39. The business’s 50-day moving average price is $25.26 and its 200 day moving average price is $30.45.

Institutional Inflows and Outflows

A hedge fund recently raised its position in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) by 1,553.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 523,444 shares of the company’s stock after acquiring an additional 491,782 shares during the period. Optiver Holding B.V. owned about 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 Company Profile

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.