GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Short Interest Down 97.5% in May

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 6,481 shares, a decrease of 97.5% from the April 30th total of 258,569 shares. Based on an average daily trading volume, of 131,122 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the company’s shares are sold short.

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

A number of institutional investors and hedge funds have recently made changes to their positions in MRAL. Sara Bay Financial increased its stake in shares of GraniteShares 2x Long MARA Daily ETF by 159.2% during the fourth quarter. Sara Bay Financial now owns 133,580 shares of the company’s stock valued at $657,000 after purchasing an additional 82,051 shares in the last quarter. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MARA Daily ETF during the first quarter valued at approximately $172,000. HUB Investment Partners LLC increased its stake in shares of GraniteShares 2x Long MARA Daily ETF by 58.3% during the second quarter. HUB Investment Partners LLC now owns 71,030 shares of the company’s stock valued at $1,410,000 after purchasing an additional 26,170 shares in the last quarter. Optiver Holding B.V. increased its stake in shares of GraniteShares 2x Long MARA Daily ETF by 126.0% during the third quarter. Optiver Holding B.V. now owns 24,858 shares of the company’s stock valued at $575,000 after purchasing an additional 13,859 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of GraniteShares 2x Long MARA Daily ETF by 23.2% during the fourth quarter. HighTower Advisors LLC now owns 53,508 shares of the company’s stock valued at $246,000 after purchasing an additional 10,063 shares in the last quarter. Institutional investors own 0.42% of the company’s stock.

GraniteShares 2x Long MARA Daily ETF Price Performance

MRAL stock traded up $0.56 during trading on Wednesday, reaching $80.77. The company had a trading volume of 98,206 shares, compared to its average volume of 154,314. GraniteShares 2x Long MARA Daily ETF has a 52 week low of $22.14 and a 52 week high of $366.30. The company has a market cap of $102.58 million, a P/E ratio of -673.08 and a beta of 7.69. The business has a 50 day moving average of $50.67 and a 200 day moving average of $55.96.

GraniteShares 2x Long MARA Daily ETF Company Profile

GraniteShares 2x Long MARA Daily ETF is an ETF incorporated in the United States. The Fund seeks daily investment results, before fees and expenses, of +200% of the daily performance of the common stock of MARA holdings Inc