GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Short Interest Up 50.2% in August

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 248,834 shares, a growth of 50.2% from the July 30th total of 165,667 shares. Currently, 6.7% of the shares of the company are short sold. Based on an average trading volume of 404,908 shares, the short-interest ratio is presently 0.6 days.

GraniteShares 2x Long QCOM Daily ETF Price Performance

Shares of GraniteShares 2x Long QCOM Daily ETF stock traded up $0.51 on Wednesday, hitting $15.76. The stock had a trading volume of 120,184 shares, compared to its average volume of 942,231. GraniteShares 2x Long QCOM Daily ETF has a twelve month low of $10.46 and a twelve month high of $41.90. The business’s 50 day moving average is $16.60 and its two-hundred day moving average is $18.56.

Institutional Trading of GraniteShares 2x Long QCOM Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC acquired a new position in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,447 shares of the company’s stock, valued at approximately $31,000. Simplex Trading LLC owned 0.16% of GraniteShares 2x Long QCOM Daily ETF at the end of the most recent reporting period.

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.