GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Stock Short Interest Falls 71.6%

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 6,516 shares, a decline of 71.6% from the August 31st total of 22,910 shares. Based on an average daily trading volume, of 106,817 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sara Bay Financial raised its holdings in shares of GraniteShares 2x Long MARA Daily ETF by 30.5% in the 1st quarter. Sara Bay Financial now owns 174,363 shares of the company’s stock valued at $500,000 after purchasing an additional 40,783 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long MARA Daily ETF by 128.4% during the first quarter. Optiver Holding B.V. now owns 70,408 shares of the company’s stock worth $202,000 after purchasing an additional 39,586 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MARA Daily ETF during the first quarter worth $172,000. Institutional investors and hedge funds own 0.42% of the company’s stock.

GraniteShares 2x Long MARA Daily ETF Price Performance

Shares of MRAL stock traded down $2.65 during trading hours on Monday, reaching $42.31. 53,535 shares of the stock were exchanged, compared to its average volume of 139,786. The business’s fifty day moving average is $40.23 and its two-hundred day moving average is $50.82. The firm has a market capitalization of $47.39 million, a P/E ratio of -352.58 and a beta of 7.95. GraniteShares 2x Long MARA Daily ETF has a 12-month low of $22.14 and a 12-month high of $366.30.

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