Short Interest in GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Expands By 323.9%

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 497,055 shares, an increase of 323.9% from the January 15th total of 117,256 shares. Currently, 12.3% of the company’s shares are sold short. Based on an average daily volume of 994,634 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 994,634 shares, the days-to-cover ratio is currently 0.5 days. Currently, 12.3% of the company’s shares are sold short.

Institutional Trading of GraniteShares 2x Long MSFT Daily ETF

A number of institutional investors have recently added to or reduced their stakes in MSFL. Simplex Trading LLC raised its position in GraniteShares 2x Long MSFT Daily ETF by 1,675.2% in the second quarter. Simplex Trading LLC now owns 3,799 shares of the company’s stock valued at $114,000 after purchasing an additional 3,585 shares during the period. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long MSFT Daily ETF in the second quarter valued at about $233,000. Susquehanna International Group LLP purchased a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the 3rd quarter valued at about $480,000. Woodward Diversified Capital LLC purchased a new stake in shares of GraniteShares 2x Long MSFT Daily ETF during the 4th quarter valued at about $202,000. Finally, IMC Chicago LLC acquired a new position in GraniteShares 2x Long MSFT Daily ETF during the 4th quarter worth approximately $297,000.

GraniteShares 2x Long MSFT Daily ETF Trading Up 0.6%

MSFL stock traded up $0.11 during midday trading on Friday, reaching $18.33. 526,912 shares of the company’s stock traded hands, compared to its average volume of 926,609. GraniteShares 2x Long MSFT Daily ETF has a fifty-two week low of $14.97 and a fifty-two week high of $36.97. The business has a 50-day moving average price of $24.81 and a two-hundred day moving average price of $28.83.

GraniteShares 2x Long MSFT Daily ETF Company Profile

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.