GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Short Interest Up 76.1% in April

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 2,653,727 shares, an increase of 76.1% from the April 15th total of 1,506,522 shares. Based on an average daily volume of 23,328,699 shares, the short-interest ratio is currently 0.1 days. Approximately 442.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. StoneX Group Inc. purchased a new stake in GraniteShares 2x Long SMCI Daily ETF in the 4th quarter worth approximately $118,000. SBI Securities Co. Ltd. grew its stake in GraniteShares 2x Long SMCI Daily ETF by 262.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock worth $225,000 after acquiring an additional 36,107 shares during the period. Finally, IMC Chicago LLC purchased a new stake in GraniteShares 2x Long SMCI Daily ETF in the 1st quarter worth approximately $160,000.

GraniteShares 2x Long SMCI Daily ETF Price Performance

NASDAQ:SMCL traded down $2.71 on Monday, reaching $53.61. The stock had a trading volume of 66,757 shares, compared to its average volume of 610,081. The firm’s fifty day moving average is $55.80 and its two-hundred day moving average is $99.41. GraniteShares 2x Long SMCI Daily ETF has a 12-month low of $25.80 and a 12-month high of $561.00.

GraniteShares 2x Long SMCI Daily ETF Company Profile

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.