GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Sees Significant Drop in Short Interest

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 7,365 shares, a decline of 82.9% from the January 15th total of 43,156 shares. Based on an average daily trading volume, of 71,451 shares, the short-interest ratio is currently 0.1 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 71,451 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

GraniteShares 2x Long QCOM Daily ETF stock traded up $0.22 during midday trading on Tuesday, reaching $13.88. The company’s stock had a trading volume of 79,277 shares, compared to its average volume of 111,549. GraniteShares 2x Long QCOM Daily ETF has a 52 week low of $12.18 and a 52 week high of $30.56. The business has a 50-day moving average price of $20.08 and a 200-day moving average price of $20.24.

Institutional Investors Weigh In On GraniteShares 2x Long QCOM Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. raised its position in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 298.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,723 shares of the company’s stock after purchasing an additional 33,490 shares during the quarter. Optiver Holding B.V. owned 4.30% of GraniteShares 2x Long QCOM Daily ETF worth $944,000 as of its most recent SEC filing.

About GraniteShares 2x Long QCOM Daily ETF

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.