GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) Sees Large Increase in Short Interest

GraniteShares 2x Long MARA Daily ETF (NASDAQ:MRAL) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 9,567 shares, a growth of 256.7% from the June 15th total of 2,682 shares. Based on an average daily volume of 102,251 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.9% of the company’s stock are sold short.

GraniteShares 2x Long MARA Daily ETF Price Performance

MRAL opened at $56.39 on Monday. 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 business has a 50-day moving average of $69.48 and a 200-day moving average of $52.70. The company has a market capitalization of $58.08 million, a PE ratio of -469.92 and a beta of 7.75.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. HUB Investment Partners LLC raised its holdings in shares of GraniteShares 2x Long MARA Daily ETF by 58.3% during the 2nd quarter. HUB Investment Partners LLC now owns 71,030 shares of the company’s stock valued at $1,410,000 after purchasing an additional 26,170 shares in the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long MARA Daily ETF in the third quarter worth $58,000. Susquehanna International Group LLP increased its position in GraniteShares 2x Long MARA Daily ETF by 8.1% during the third quarter. Susquehanna International Group LLP now owns 23,685 shares of the company’s stock worth $548,000 after buying an additional 1,779 shares during the last quarter. Sara Bay Financial increased its position in GraniteShares 2x Long MARA Daily ETF by 159.2% during the fourth quarter. Sara Bay Financial now owns 133,580 shares of the company’s stock worth $657,000 after buying an additional 82,051 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in GraniteShares 2x Long MARA Daily ETF by 23.2% during the fourth quarter. HighTower Advisors LLC now owns 53,508 shares of the company’s stock valued at $246,000 after buying an additional 10,063 shares in the last quarter. Institutional investors and hedge funds own 0.42% of the company’s stock.

GraniteShares 2x Long MARA Daily ETF Company Profile

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