GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Short Interest Up 19.4% in March

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the recipient of a significant growth in short interest during the month of 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 trading volume of 212,800 shares, the short-interest ratio is currently 0.2 days. Approximately 3.0% of the company’s shares are sold short.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long MSFT Daily ETF in the 4th quarter valued at about $229,000. Optiver Holding B.V. lifted its stake in 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 valued at $2,046,000 after buying an additional 82,057 shares during the period. Finally, IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long MSFT Daily ETF during the 4th quarter worth approximately $398,000.

GraniteShares 2x Long MSFT Daily ETF Stock Performance

NASDAQ:MSFL traded down $0.01 on Wednesday, reaching $18.50. 116,957 shares of the stock traded hands, compared to its average volume of 120,082. GraniteShares 2x Long MSFT Daily ETF has a 1-year low of $17.08 and a 1-year high of $30.40. The company’s 50 day moving average is $20.94 and its 200-day moving average is $23.03.

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.