GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Stock Price Up 17.6% – What’s Next?

GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) rose 17.6% during mid-day trading on Wednesday . The stock traded as high as $1.8581 and last traded at $1.8050. Approximately 1,778,310 shares traded hands during mid-day trading, an increase of 98% from the average daily volume of 896,127 shares. The stock had previously closed at $1.5350.

GraniteShares 2x Long MSTR Daily ETF Stock Performance

The stock’s 50 day moving average price is $2.57 and its two-hundred day moving average price is $8.51.

Institutional Trading of GraniteShares 2x Long MSTR Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long MSTR Daily ETF stock. Optiver Holding B.V. bought a new stake in GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,073 shares of the company’s stock, valued at approximately $177,000. Optiver Holding B.V. owned approximately 4.83% of GraniteShares 2x Long MSTR Daily ETF at the end of the most recent quarter.

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.