GraniteShares 2x Long DELL Daily ETF (NASDAQ:DLLL) Sees Significant Growth in Short Interest

GraniteShares 2x Long DELL Daily ETF (NASDAQ:DLLL) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 612,770 shares, a growth of 231.1% from the July 30th total of 185,058 shares. Approximately 12.4% of the shares of the company are short sold. Based on an average daily volume of 1,408,969 shares, the short-interest ratio is currently 0.4 days.

GraniteShares 2x Long DELL Daily ETF Stock Down 7.7%

Shares of DLLL traded down $2.06 during trading hours on Friday, reaching $24.70. 834,663 shares of the company traded hands, compared to its average volume of 1,490,803. The stock’s fifty day moving average is $23.83 and its 200 day moving average is $14.02. GraniteShares 2x Long DELL Daily ETF has a 1-year low of $2.17 and a 1-year high of $32.11.

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

An institutional investor recently bought a new position in GraniteShares 2x Long DELL Daily ETF stock. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long DELL Daily ETF (NASDAQ:DLLL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $53,000. Hollencrest Capital Management owned approximately 0.33% of GraniteShares 2x Long DELL Daily ETF as of its most recent SEC filing.

About GraniteShares 2x Long DELL Daily ETF

The GraniteShares 2x Long DELL Daily ETF (DLLL) 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 Dell Technologies Inc stock DLLL was launched on Feb 13, 2025 and is issued by GraniteShares.