GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Trading Down 3.8% – Here’s Why

Shares of GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) dropped 3.8% during trading on Thursday . The stock traded as low as $28.97 and last traded at $29.13. Approximately 223,765 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 209,568 shares. The stock had previously closed at $30.28.

GraniteShares 2x Long MSFT Daily ETF Trading Down 0.3%

The stock’s 50-day moving average is $31.40 and its two-hundred day moving average is $29.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long MSFT Daily ETF stock. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,733 shares of the company’s stock, valued at approximately $233,000. Jane Street Group LLC owned approximately 1.25% of GraniteShares 2x Long MSFT Daily ETF at the end of the most recent quarter.

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.