GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Stock Price Cross Above 50 Day Moving Average – Here’s Why

Shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $16.93 and traded as high as $17.34. GraniteShares 2x Long QCOM Daily ETF shares last traded at $17.09, with a volume of 232,780 shares trading hands.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

The business has a 50 day moving average price of $17.11 and a 200 day moving average price of $18.12.

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

An institutional investor recently raised its stake in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,456 shares of the company’s stock after acquiring an additional 13,942 shares during the quarter. Optiver Holding B.V. owned 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 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.