Short Interest in GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Drops By 97.5%

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,481 shares, a decrease of 97.5% from the April 30th total of 258,569 shares. Based on an average trading volume of 131,122 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.5% of the company’s stock are sold short.

GraniteShares 2x Long MARA Daily ETF Price Performance

MRAL traded up $3.21 during trading on Friday, reaching $80.91. 159,183 shares of the stock traded hands, compared to its average volume of 154,050. The stock has a market cap of $102.76 million, a price-to-earnings ratio of -674.25 and a beta of 7.69. GraniteShares 2x Long MARA Daily ETF has a fifty-two week low of $22.14 and a fifty-two week high of $366.30. The stock’s 50-day simple moving average is $51.46 and its two-hundred day simple moving average is $55.39.

Institutional Investors Weigh In On GraniteShares 2x Long MARA Daily ETF

Several institutional investors have recently made changes to their positions in the company. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MARA Daily ETF in the 3rd quarter valued at approximately $58,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MARA Daily ETF during the first quarter valued at approximately $172,000. Foundations Investment Advisors LLC acquired a new stake in GraniteShares 2x Long MARA Daily ETF in the third quarter valued at approximately $208,000. HighTower Advisors LLC lifted its stake in GraniteShares 2x Long MARA Daily ETF by 23.2% in the fourth quarter. HighTower Advisors LLC now owns 53,508 shares of the company’s stock valued at $246,000 after acquiring an additional 10,063 shares during the last quarter. Finally, Sara Bay Financial grew its position in GraniteShares 2x Long MARA Daily ETF by 30.5% in the first quarter. Sara Bay Financial now owns 174,363 shares of the company’s stock worth $500,000 after acquiring an additional 40,783 shares in the last quarter. 0.42% of the stock is currently owned by institutional investors and hedge funds.

About GraniteShares 2x Long MARA Daily ETF

GraniteShares 2x Long MARA Daily ETF is an ETF incorporated in the United States. The Fund seeks daily investment results, before fees and expenses, of +200% of the daily performance of the common stock of MARA holdings Inc