GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Short Interest Update

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) was the target of a large drop in short interest in 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 company’s stock are sold short. Based on an average daily volume of 210,969 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. StoneX Group Inc. bought a new position in shares of GraniteShares 2x Long SMCI Daily ETF during the 4th quarter valued at $118,000. SBI Securities Co. Ltd. raised its holdings 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 purchasing an additional 36,107 shares in the last quarter. Finally, IMC Chicago LLC bought a new position in GraniteShares 2x Long SMCI Daily ETF in the 1st quarter worth $160,000.

GraniteShares 2x Long SMCI Daily ETF Stock Up 5.7%

Shares of GraniteShares 2x Long SMCI Daily ETF stock traded up $4.50 during midday trading on Wednesday, reaching $83.11. 149,306 shares of the company’s stock traded hands, compared to its average volume of 580,866. The company’s 50 day simple moving average is $52.05 and its 200 day simple moving average is $87.51. GraniteShares 2x Long SMCI Daily ETF has a 52 week low of $25.80 and a 52 week high of $561.00.

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.