GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Stock Price Down 3.2% – Here’s What Happened

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP)’s share price traded down 3.2% on Thursday . The stock traded as low as $1.67 and last traded at $1.80. 1,012,472 shares were traded during mid-day trading, an increase of 3% from the average session volume of 986,658 shares. The stock had previously closed at $1.86.

GraniteShares 2x Long MSTR Daily ETF Trading Down 3.2%

The company has a 50 day moving average of $2.20 and a two-hundred day moving average of $6.68.

Hedge Funds Weigh In On GraniteShares 2x Long MSTR Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. acquired a new position in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,073 shares of the company’s stock, valued at approximately $177,000. Optiver Holding B.V. owned about 4.83% of GraniteShares 2x Long MSTR Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long MSTR Daily ETF Company Profile

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.