GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Short Interest Down 92.2% in May

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 7,861 shares, a drop of 92.2% from the April 30th total of 100,317 shares. Based on an average trading volume of 3,657,449 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 298.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

GraniteShares 2x Long QCOM Daily ETF Price Performance

GraniteShares 2x Long QCOM Daily ETF stock traded down $4.81 during midday trading on Wednesday, reaching $34.07. The stock had a trading volume of 2,836,537 shares, compared to its average volume of 774,151. GraniteShares 2x Long QCOM Daily ETF has a twelve month low of $10.46 and a twelve month high of $41.61. The stock’s 50-day simple moving average is $18.02 and its 200 day simple moving average is $18.42.

GraniteShares 2x Long QCOM Daily ETF Company Profile

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.