GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Sees Significant Growth in Short Interest

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 38,200 shares, a growth of 19.4% from the February 28th total of 32,000 shares. Based on an average daily volume of 212,800 shares, the short-interest ratio is currently 0.2 days. Approximately 3.0% of the shares of the stock are short sold.

GraniteShares 2x Long MSFT Daily ETF Stock Down 0.1 %

MSFL stock traded down $0.01 during mid-day trading on Wednesday, reaching $18.50. 116,957 shares of the company traded hands, compared to its average volume of 120,082. The company has a fifty day moving average price of $20.94 and a 200-day moving average price of $23.03. GraniteShares 2x Long MSFT Daily ETF has a 52-week low of $17.08 and a 52-week high of $30.40.

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

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long MSFT Daily ETF in the 4th quarter worth approximately $229,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long MSFT Daily ETF in the fourth quarter worth $398,000. Finally, Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long MSFT Daily ETF by 1,369.9% in the fourth quarter. Optiver Holding B.V. now owns 88,047 shares of the company’s stock worth $2,046,000 after purchasing an additional 82,057 shares during the period.

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.