GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Short Interest Up 1,645.2% in May

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 137,191 shares, a growth of 1,645.2% from the May 14th total of 7,861 shares. Currently, 6.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,372,112 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

NASDAQ:QCML traded down $2.68 during mid-day trading on Wednesday, reaching $22.80. The stock had a trading volume of 921,011 shares, compared to its average volume of 913,333. The firm has a 50 day moving average price of $22.28 and a two-hundred day moving average price of $19.24. GraniteShares 2x Long QCOM Daily ETF has a one year low of $10.46 and a one year high of $41.90.

Hedge Funds Weigh In On GraniteShares 2x Long QCOM Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. boosted its stake in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,456 shares of the company’s stock after purchasing an additional 13,942 shares during the period. Optiver Holding B.V. owned about 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 at the end of the most recent reporting period.

GraniteShares 2x Long QCOM Daily ETF Company Profile

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.