GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,653,727 shares, a growth of 76.1% from the April 15th total of 1,506,522 shares. Approximately 442.3% of the company’s shares are short sold. Based on an average trading volume of 23,328,699 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of GraniteShares 2x Long SMCI Daily ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Long SMCI Daily ETF during the 4th quarter valued at $118,000. SBI Securities Co. Ltd. grew its stake in shares of GraniteShares 2x Long SMCI Daily ETF by 262.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock valued at $225,000 after buying an additional 36,107 shares during the period. Finally, IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long SMCI Daily ETF during the 1st quarter valued at $160,000.
GraniteShares 2x Long SMCI Daily ETF Stock Down 4.8%
SMCL stock traded down $2.71 during midday trading on Monday, hitting $53.61. The stock had a trading volume of 66,757 shares, compared to its average volume of 610,081. GraniteShares 2x Long SMCI Daily ETF has a 12-month low of $25.80 and a 12-month high of $561.00. The company’s 50-day moving average price is $55.80 and its 200 day moving average price is $99.41.
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.
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