GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Stock Short Interest Climbs 182.5%

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 506,947 shares, an increase of 182.5% from the August 31st total of 179,473 shares. Approximately 14.8% of the shares of the company are short sold. Based on an average daily trading volume, of 739,971 shares, the days-to-cover ratio is currently 0.7 days.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

Shares of QCML stock traded up $1.54 during trading on Friday, reaching $22.05. 692,478 shares of the company’s stock traded hands, compared to its average volume of 929,250. The firm’s 50-day moving average is $16.16 and its 200 day moving average is $19.08. GraniteShares 2x Long QCOM Daily ETF has a 1 year low of $10.46 and a 1 year high of $41.90.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,456 shares of the company’s stock after purchasing an additional 13,942 shares during the period. Optiver Holding B.V. owned approximately 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 as of its most recent SEC filing.

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.