GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Sees Significant Increase in Short Interest

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 32,000 shares, an increase of 20.3% from the February 13th total of 26,600 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average daily volume of 210,500 shares, the short-interest ratio is currently 0.2 days.

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

A number of large investors have recently made changes to their positions in the business. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long MSFT Daily ETF by 1,369.9% during the fourth quarter. Optiver Holding B.V. now owns 88,047 shares of the company’s stock worth $2,046,000 after purchasing an additional 82,057 shares in the last quarter. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long MSFT Daily ETF during the fourth quarter worth $398,000. Finally, Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long MSFT Daily ETF during the fourth quarter worth $229,000.

GraniteShares 2x Long MSFT Daily ETF Stock Performance

Shares of MSFL stock traded up $0.41 during trading hours on Wednesday, reaching $19.14. 87,813 shares of the company’s stock were exchanged, compared to its average volume of 115,425. The stock’s 50 day moving average is $21.82 and its 200-day moving average is $23.33. GraniteShares 2x Long MSFT Daily ETF has a fifty-two week low of $18.15 and a fifty-two week high of $30.40.

About GraniteShares 2x Long MSFT Daily ETF

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.