GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Short Interest Update

by · The Cerbat Gem

GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL – Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 117,256 shares, a growth of 540.2% from the December 31st total of 18,316 shares. Approximately 5.9% of the shares of the company are short sold. Based on an average daily trading volume, of 272,502 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 272,502 shares, the days-to-cover ratio is currently 0.4 days. Approximately 5.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSFL. Simplex Trading LLC grew its stake in shares of GraniteShares 2x Long MSFT Daily ETF by 1,675.2% in the 2nd 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. Woodward Diversified Capital LLC acquired a new stake in GraniteShares 2x Long MSFT Daily ETF in the 4th quarter valued at $202,000. Jane Street Group LLC bought a new stake in GraniteShares 2x Long MSFT Daily ETF in the second quarter valued at $233,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Long MSFT Daily ETF in the fourth quarter valued at $297,000. Finally, Susquehanna International Group LLP acquired a new position in GraniteShares 2x Long MSFT Daily ETF during the third quarter worth $480,000.

GraniteShares 2x Long MSFT Daily ETF Price Performance

Shares of NASDAQ:MSFL traded down $5.39 during midday trading on Thursday, reaching $21.30. 4,421,608 shares of the company’s stock were exchanged, compared to its average volume of 598,443. The company’s 50 day simple moving average is $26.56 and its two-hundred day simple moving average is $29.73. GraniteShares 2x Long MSFT Daily ETF has a 12 month low of $14.97 and a 12 month high of $36.97.

GraniteShares 2x Long MSFT Daily ETF Company Profile

(Get Free Report)

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.

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