GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,273,118 shares, a growth of 34.3% from the March 15th total of 947,659 shares. Based on an average trading volume of 949,510 shares, the short-interest ratio is currently 1.3 days. Approximately 23.9% of the shares of the company are short sold.
GraniteShares 2x Long MSFT Daily ETF Price Performance
Shares of GraniteShares 2x Long MSFT Daily ETF stock traded up $0.79 during trading hours on Thursday, reaching $19.46. The company had a trading volume of 2,537,006 shares, compared to its average volume of 1,055,695. GraniteShares 2x Long MSFT Daily ETF has a one year low of $14.13 and a one year high of $36.97. The business has a fifty day simple moving average of $17.17 and a 200 day simple moving average of $24.30.
Hedge Funds Weigh In On GraniteShares 2x Long MSFT Daily ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Woodward Diversified Capital LLC purchased a new position in GraniteShares 2x Long MSFT Daily ETF during the fourth quarter worth about $202,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long MSFT Daily ETF during the second quarter worth about $233,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long MSFT Daily ETF during the fourth quarter worth about $297,000. Finally, Susquehanna International Group LLP purchased a new position in GraniteShares 2x Long MSFT Daily ETF during the third quarter worth about $480,000.
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.
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