GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Shares Shorted: Short Interest Down 50.5% in September

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 333,281 shares, a drop of 50.5% from the August 31st total of 673,230 shares. Currently, 12.8% of the shares of the company are sold short. Based on an average trading volume of 572,139 shares, the days-to-cover ratio is currently 0.6 days.

GraniteShares 2x Long SMCI Daily ETF Price Performance

Shares of NASDAQ:SMCL traded down $0.47 during midday trading on Wednesday, reaching $18.73. The company had a trading volume of 673,445 shares, compared to its average volume of 1,335,323. The company’s 50 day moving average price is $15.93 and its 200 day moving average price is $17.22. GraniteShares 2x Long SMCI Daily ETF has a 52-week low of $7.52 and a 52-week high of $143.67.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long SMCI Daily ETF stock. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) by 988.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 308,923 shares of the company’s stock after purchasing an additional 280,543 shares during the period. Optiver Holding B.V. owned 51.49% of GraniteShares 2x Long SMCI Daily ETF worth $531,000 at the end of the most recent quarter.

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.