Short Interest in GraniteShares Autocallable SMCI ETF (NASDAQ:SCA) Expands By 1,132.7%

GraniteShares Autocallable SMCI ETF (NASDAQ:SCA) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 2,071 shares, an increase of 1,132.7% from the June 15th total of 168 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average daily volume of 279 shares, the days-to-cover ratio is presently 7.4 days.

Insider Buying and Selling at GraniteShares Autocallable SMCI ETF

In related news, Director J Tim Arnoult purchased 9,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $9.05 per share, with a total value of $81,450.00. Following the transaction, the director directly owned 50,869 shares of the company’s stock, valued at $460,364.45. This trade represents a 21.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 10,700 shares of company stock worth $96,523.

GraniteShares Autocallable SMCI ETF Price Performance

NASDAQ:SCA traded up $0.09 during mid-day trading on Friday, hitting $20.51. 119 shares of the stock were exchanged, compared to its average volume of 421. GraniteShares Autocallable SMCI ETF has a fifty-two week low of $19.50 and a fifty-two week high of $26.81.

GraniteShares Autocallable SMCI ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.8295 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 48.5%.