Short Interest in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Drops By 92.2%

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCMLGet Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 7,861 shares, a decrease of 92.2% from the April 30th total of 100,317 shares. Based on an average trading volume of 3,657,449 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC acquired a new stake in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCMLFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 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 at the end of the most recent reporting period.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

NASDAQ QCML traded up $2.35 on Friday, hitting $39.25. 2,781,774 shares of the stock were exchanged, compared to its average volume of 806,408. The business’s fifty day moving average is $19.50 and its 200 day moving average is $18.75. GraniteShares 2x Long QCOM Daily ETF has a 52 week low of $10.46 and a 52 week high of $41.90.

GraniteShares 2x Long QCOM Daily ETF Company Profile

(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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