GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Share Price Break Above 50-Day Moving Average – Time to Sell?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML – Get Free Report)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $16.93 and traded as high as $17.34. GraniteShares 2x Long QCOM Daily ETF shares last traded at $17.09, with a volume of 232,780 shares traded.

GraniteShares 2x Long QCOM Daily ETF Trading Up 4.4%

The stock has a 50-day moving average price of $16.93 and a 200 day moving average price of $18.22.

Institutional Inflows and Outflows

A hedge fund recently raised its position in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML – Free Report) by 30.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,456 shares of the company’s stock after acquiring an additional 13,942 shares during the period. Optiver Holding B.V. owned approximately 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 at the end of the most recent quarter.

About GraniteShares 2x Long QCOM Daily ETF

(Get Free Report)

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.

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