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

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 26,600 shares, a drop of 71.6% from the January 31st total of 93,600 shares. Based on an average daily volume of 202,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of GraniteShares 2x Long MSFT Daily ETF

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long MSFT Daily ETF in the fourth quarter valued at approximately $229,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long MSFT Daily ETF in the 4th quarter worth $398,000. Finally, Optiver Holding B.V. boosted its stake in GraniteShares 2x Long MSFT Daily ETF by 1,369.9% in the 4th 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 Trading Down 3.6 %

NASDAQ:MSFL opened at $19.80 on Friday. The business’s 50-day simple moving average is $23.09 and its 200-day simple moving average is $23.74. GraniteShares 2x Long MSFT Daily ETF has a fifty-two week low of $19.77 and a fifty-two week high of $30.40.

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.