GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Shares Up 35% – Should You Buy?

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) shares shot up 35% during trading on Thursday . The stock traded as high as $26.74 and last traded at $26.64. 108,636 shares traded hands during trading, an increase of 46% from the average session volume of 74,285 shares. The stock had previously closed at $19.73.

GraniteShares 2x Long MSTR Daily ETF Stock Down 3.3%

The firm’s 50 day moving average is $15.28 and its 200-day moving average is $29.12.

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

An institutional investor recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. purchased a new position in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned approximately 0.63% of GraniteShares 2x Long MSTR Daily ETF as of its most recent filing with the SEC.

GraniteShares 2x Long MSTR Daily ETF Company Profile

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.