GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL – Get Free Report) was the recipient of a large drop in short interest in 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. Currently, 10.8% of the shares of the company are sold short. Based on an average trading volume of 210,969 shares, the days-to-cover ratio is currently 0.3 days.
GraniteShares 2x Long SMCI Daily ETF Stock Performance
SMCL traded up $4.50 during trading on Wednesday, hitting $83.11. The stock had a trading volume of 149,306 shares, compared to its average volume of 580,866. GraniteShares 2x Long SMCI Daily ETF has a 12 month low of $25.80 and a 12 month high of $561.00. The company has a 50 day simple moving average of $52.05 and a 200-day simple moving average of $87.51.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. StoneX Group Inc. bought a new position in GraniteShares 2x Long SMCI Daily ETF in the 4th quarter worth $118,000. IMC Chicago LLC bought a new position in GraniteShares 2x Long SMCI Daily ETF in the 1st quarter worth $160,000. Finally, SBI Securities Co. Ltd. raised its holdings in GraniteShares 2x Long SMCI Daily ETF by 262.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock worth $225,000 after acquiring an additional 36,107 shares during the period.
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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