GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 64,921 shares, a drop of 97.6% from the April 30th total of 2,653,727 shares. Based on an average daily trading volume, of 210,969 shares, the days-to-cover ratio is presently 0.3 days. Currently, 10.8% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its stake in shares of GraniteShares 2x Long SMCI Daily ETF by 262.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock valued at $225,000 after purchasing an additional 36,107 shares during the period. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Long SMCI Daily ETF during the fourth quarter valued at approximately $118,000. Finally, IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long SMCI Daily ETF during the first quarter valued at approximately $160,000.
GraniteShares 2x Long SMCI Daily ETF Stock Up 20.9%
Shares of NASDAQ:SMCL traded up $17.40 on Thursday, reaching $100.51. 185,124 shares of the company traded hands, compared to its average volume of 576,908. The business’s 50-day simple moving average is $52.05 and its 200 day simple moving average is $87.51. GraniteShares 2x Long SMCI Daily ETF has a 52 week low of $25.80 and a 52 week high of $561.00.
GraniteShares 2x Long SMCI Daily ETF Company Profile
The GraniteShares 2x Long SMCI Daily ETF (SMCL) 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 Super Micro Computer Inc (ticker: SMCI) stock. SMCL was launched on Dec 12, 2024 and is issued by GraniteShares.
Featured Articles
- Five stocks we like better than GraniteShares 2x Long SMCI Daily ETF
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
- IREN Is Flipping the Switch from Bitcoin to AI
- This Quantum Computing Stock May Be Closer to a Breakout Than You Think
- RTX Is Set to Revolutionize Munitions Manufacturing
Receive News & Ratings for GraniteShares 2x Long SMCI Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Long SMCI Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
