GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Stock Price Up 2.2% – Should You Buy?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML)’s stock price rose 2.2% during mid-day trading on Tuesday . The company traded as high as $12.37 and last traded at $12.34. Approximately 68,523 shares changed hands during trading, a decline of 8% from the average daily volume of 74,273 shares. The stock had previously closed at $12.07.

GraniteShares 2x Long QCOM Daily ETF Trading Up 1.9%

The stock has a fifty day moving average price of $12.77 and a 200-day moving average price of $18.07.

Institutional Trading of GraniteShares 2x Long QCOM Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,447 shares of the company’s stock, valued at approximately $31,000. Simplex Trading LLC owned 0.16% of GraniteShares 2x Long QCOM Daily ETF as of its most recent filing with the SEC.

About GraniteShares 2x Long QCOM Daily ETF

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.