GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Sees Large Decline in Short Interest

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 26,600 shares, a decline of 71.6% from the January 31st total of 93,600 shares. Based on an average daily volume of 202,600 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long MSFT Daily ETF Stock Up 2.2 %

Shares of NASDAQ:MSFL traded up $0.43 during trading on Friday, hitting $20.23. 172,523 shares of the company were exchanged, compared to its average volume of 271,129. GraniteShares 2x Long MSFT Daily ETF has a fifty-two week low of $19.19 and a fifty-two week high of $30.40. The firm has a fifty day moving average price of $22.99 and a two-hundred day moving average price of $23.72.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MSFL. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long MSFT Daily ETF during the 4th quarter worth approximately $398,000. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long MSFT Daily ETF by 1,369.9% during the 4th quarter. Optiver Holding B.V. now owns 88,047 shares of the company’s stock worth $2,046,000 after purchasing an additional 82,057 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of GraniteShares 2x Long MSFT Daily ETF during the 4th quarter worth approximately $229,000.

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.