GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Stock Price Up 2.1% – Here’s What Happened

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) shares shot up 2.1% during mid-day trading on Tuesday. The stock traded as high as $12.00 and last traded at $11.50. Approximately 714,477 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 1,276,838 shares. The stock had previously closed at $11.26.

GraniteShares 2x Long SMCI Daily ETF Stock Performance

The company’s 50-day moving average is $17.53 and its 200 day moving average is $17.16.

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

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

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.