2x Long CRWV Daily ETF (NASDAQ:CRWG – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 4,887,583 shares, a growth of 202.7% from the September 30th total of 1,614,525 shares. Based on an average daily volume of 4,136,650 shares, the short-interest ratio is presently 1.2 days. Currently, 28.2% of the shares of the stock are sold short.
2x Long CRWV Daily ETF Price Performance
Shares of CRWG traded down $1.56 during mid-day trading on Friday, hitting $6.35. 9,845,637 shares of the company traded hands, compared to its average volume of 2,753,068. 2x Long CRWV Daily ETF has a one year low of $5.71 and a one year high of $131.10.
The 2x Long CRWV Daily ETF (NASDAQ:CRWG) is an exchange-traded fund designed to provide approximately twice the daily performance of CoreWeave, Inc (NASDAQ:CRWV), before fees and expenses. CoreWeave is a cloud infrastructure provider focused on graphics processing unit (GPU)-accelerated computing, artificial intelligence, machine learning, and other demanding workloads.
Rather than investing primarily in CoreWeave shares for long-term ownership, the fund generally seeks its investment objective through derivatives and other financial instruments that provide leveraged exposure to the underlying stock.
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