Short Interest in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Increases By 164.0%

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 61,784 shares, a growth of 164.0% from the June 15th total of 23,401 shares. Based on an average trading volume of 71,674 shares, the days-to-cover ratio is currently 0.9 days. Approximately 12.9% of the company’s stock are sold short.

GraniteShares 2x Long MSTR Daily ETF Stock Down 5.2%

NASDAQ:MSTP opened at $12.40 on Tuesday. The stock has a 50-day simple moving average of $31.08 and a 200-day simple moving average of $39.45. GraniteShares 2x Long MSTR Daily ETF has a 1 year low of $10.13 and a 1 year high of $644.60.

Institutional Investors Weigh In On GraniteShares 2x Long MSTR Daily ETF

An institutional investor recently raised its stake in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. grew its holdings in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) by 1,553.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 523,444 shares of the company’s stock after buying an additional 491,782 shares during the period. Optiver Holding B.V. owned 237.93% of GraniteShares 2x Long MSTR Daily ETF worth $756,000 at the end of the most recent reporting period.

About GraniteShares 2x Long MSTR Daily ETF

GraniteShares ETF Trust – GraniteShares 2x Long MSTR Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. It uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.