GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Short Interest Up 20.3% in February

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) saw a large increase in short interest during the month of 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. Based on an average trading volume of 210,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. increased its position in GraniteShares 2x Long MSFT Daily ETF by 1,369.9% during the 4th 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 stake in GraniteShares 2x Long MSFT Daily ETF during the 4th quarter worth approximately $398,000. Finally, Jane Street Group LLC acquired a new stake in GraniteShares 2x Long MSFT Daily ETF during the 4th quarter worth approximately $229,000.

GraniteShares 2x Long MSFT Daily ETF Trading Down 2.7 %

Shares of NASDAQ MSFL traded down $0.52 on Tuesday, reaching $18.73. 114,700 shares of the company traded hands, compared to its average volume of 115,530. GraniteShares 2x Long MSFT Daily ETF has a fifty-two week low of $18.15 and a fifty-two week high of $30.40. The company has a 50 day moving average of $21.82 and a 200 day moving average of $23.33.

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.