GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 13,379 shares, a decline of 72.3% from the July 15th total of 48,320 shares. Based on an average daily trading volume, of 63,748 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.4% of the company’s shares are sold short.
GraniteShares 2x Long MSTR Daily ETF Stock Performance
Shares of MSTP stock traded down $1.08 during mid-day trading on Friday, reaching $12.08. The company’s stock had a trading volume of 76,770 shares, compared to its average volume of 71,331. The company’s 50 day simple moving average is $15.24 and its 200-day simple moving average is $31.40. GraniteShares 2x Long MSTR Daily ETF has a 12-month low of $10.13 and a 12-month high of $405.40.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. bought a new position in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned 0.63% of GraniteShares 2x Long MSTR Daily ETF at the end of the most recent reporting period.
About GraniteShares 2x Long MSTR Daily ETF
GraniteShares ETF Trust – GraniteShares 2x Long 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, software and services sectors. 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.
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