GraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL) Sees Significant Increase in Short Interest
by Renee Jackson · The Cerbat GemGraniteShares 2x Long MSFT Daily ETF (NASDAQ:MSFL – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,273,118 shares, a growth of 34.3% from the March 15th total of 947,659 shares. Based on an average daily volume of 949,510 shares, the days-to-cover ratio is currently 1.3 days. Approximately 23.9% of the company’s shares are sold short.
Hedge Funds Weigh In On GraniteShares 2x Long MSFT Daily ETF
A number of institutional investors and hedge funds have recently modified their holdings of MSFL. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long MSFT Daily ETF in the second quarter valued at approximately $233,000. Susquehanna International Group LLP acquired a new stake in GraniteShares 2x Long MSFT Daily ETF in the third quarter valued at $480,000. Woodward Diversified Capital LLC acquired a new stake in shares of GraniteShares 2x Long MSFT Daily ETF in the fourth quarter valued at approximately $202,000. Finally, IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long MSFT Daily ETF in the fourth quarter valued at $297,000.
GraniteShares 2x Long MSFT Daily ETF Price Performance
MSFL stock traded up $0.76 during trading on Friday, reaching $20.22. 1,591,398 shares of the stock were exchanged, compared to its average volume of 1,061,705. The business has a 50 day moving average price of $17.17 and a 200-day moving average price of $24.30. GraniteShares 2x Long MSFT Daily ETF has a 1 year low of $14.13 and a 1 year high of $36.97.
GraniteShares 2x Long MSFT Daily ETF Company Profile
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.