GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Short Interest Update

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 506,947 shares, an increase of 182.5% from the August 31st total of 179,473 shares. Based on an average trading volume of 739,971 shares, the days-to-cover ratio is presently 0.7 days. Currently, 14.8% of the company’s shares are sold short.

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

A hedge fund recently raised its position in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 59,456 shares of the company’s stock after acquiring an additional 13,942 shares during the period. Optiver Holding B.V. owned about 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 at the end of the most recent quarter.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

Shares of NASDAQ:QCML traded up $1.54 during midday trading on Friday, hitting $22.05. 692,478 shares of the stock traded hands, compared to its average volume of 929,250. The business’s 50 day moving average is $16.16 and its two-hundred day moving average is $19.08. GraniteShares 2x Long QCOM Daily ETF has a one year low of $10.46 and a one year high of $41.90.

GraniteShares 2x Long QCOM Daily ETF Company Profile

The GraniteShares 2x Long QCOM Daily ETF (QCML) 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 Qualcomm Inc(QCOM) stock. QCML was launched on Feb 13, 2025 and is issued by GraniteShares.