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

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 32,000 shares, a growth of 20.3% from the February 13th total of 26,600 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 210,500 shares, the short-interest ratio is presently 0.2 days.

GraniteShares 2x Long MSFT Daily ETF Stock Up 2.2 %

Shares of NASDAQ:MSFL traded up $0.41 during trading hours on Wednesday, hitting $19.14. 87,813 shares of the company’s stock traded hands, compared to its average volume of 115,425. GraniteShares 2x Long MSFT Daily ETF has a 1 year low of $18.15 and a 1 year high of $30.40. The business has a fifty day moving average price of $21.82 and a 200-day moving average price of $23.33.

Institutional Inflows and Outflows

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

About GraniteShares 2x Long MSFT Daily ETF

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.