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

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 673,230 shares, a growth of 84.1% from the August 15th total of 365,652 shares. Based on an average daily volume of 680,014 shares, the short-interest ratio is presently 1.0 days. Currently, 19.9% of the company’s stock are sold short.

GraniteShares 2x Long SMCI Daily ETF Price Performance

Shares of SMCL stock traded up $0.63 on Wednesday, reaching $15.45. 188,007 shares of the company were exchanged, compared to its average volume of 1,371,632. GraniteShares 2x Long SMCI Daily ETF has a one year low of $7.52 and a one year high of $143.67. The company has a 50-day moving average of $14.06 and a 200-day moving average of $18.08.

Institutional Trading of GraniteShares 2x Long SMCI Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long SMCI Daily ETF stock. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,856 shares of the company’s stock, valued at approximately $160,000. IMC Chicago LLC owned about 15.48% of GraniteShares 2x Long SMCI Daily ETF at the end of the most recent quarter.

About GraniteShares 2x Long SMCI Daily ETF

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.