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

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 32,000 shares, an increase of 20.3% from the February 13th total of 26,600 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily volume of 210,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of GraniteShares 2x Long MSFT Daily ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the 4th quarter valued at $398,000. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long MSFT Daily ETF by 1,369.9% during the fourth quarter. Optiver Holding B.V. now owns 88,047 shares of the company’s stock valued at $2,046,000 after purchasing an additional 82,057 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the fourth quarter worth about $229,000.

GraniteShares 2x Long MSFT Daily ETF Price Performance

MSFL stock traded up $0.07 during trading on Thursday, reaching $19.21. 32,925 shares of the company were exchanged, compared to its average volume of 115,496. The company has a 50-day moving average of $21.73 and a two-hundred day moving average of $23.30. GraniteShares 2x Long MSFT Daily ETF has a twelve month low of $18.15 and a twelve month high of $30.40.

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.