GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) Short Interest Update

GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 8,006 shares, an increase of 913.4% from the April 15th total of 790 shares. Based on an average daily volume of 9,353 shares, the days-to-cover ratio is presently 0.9 days. Approximately 26.7% of the shares of the company are short sold.

GraniteShares 2x Short MSTR Daily ETF Stock Down 9.1%

GraniteShares 2x Short MSTR Daily ETF stock opened at $23.04 on Tuesday. The stock has a 50-day moving average price of $51.70 and a 200 day moving average price of $64.66. GraniteShares 2x Short MSTR Daily ETF has a 52 week low of $17.13 and a 52 week high of $156.71.

Hedge Funds Weigh In On GraniteShares 2x Short MSTR Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Short MSTR Daily ETF stock. Optiver Holding B.V. purchased a new position in GraniteShares 2x Short MSTR Daily ETF (NASDAQ:MSDD) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,016 shares of the company’s stock, valued at approximately $492,000. Optiver Holding B.V. owned 56.72% of GraniteShares 2x Short MSTR Daily ETF at the end of the most recent quarter.

About GraniteShares 2x Short MSTR Daily ETF

GraniteShares ETF Trust – GraniteShares 2x Short MSTR Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology and software. It uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. GraniteShares ETF Trust – GraniteShares 2x Short MSTR Daily ETF is domiciled in the United States.