GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Short Interest Up 188.5% in June

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 153,202 shares, a growth of 188.5% from the May 31st total of 53,105 shares. Based on an average daily trading volume, of 287,905 shares, the days-to-cover ratio is currently 0.5 days. Approximately 25.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Long SMCI Daily ETF in the 4th quarter worth $118,000. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Long SMCI Daily ETF during the first quarter valued at $160,000. SBI Securities Co. Ltd. raised its holdings in shares of GraniteShares 2x Long SMCI Daily ETF by 262.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock valued at $225,000 after acquiring an additional 36,107 shares in the last quarter. Finally, Optiver Holding B.V. raised its holdings in shares of GraniteShares 2x Long SMCI Daily ETF by 988.5% in the first quarter. Optiver Holding B.V. now owns 308,923 shares of the company’s stock valued at $531,000 after acquiring an additional 280,543 shares in the last quarter.

GraniteShares 2x Long SMCI Daily ETF Price Performance

SMCL stock traded down $0.98 during mid-day trading on Friday, reaching $13.47. The company had a trading volume of 458,252 shares, compared to its average volume of 1,603,545. The firm has a 50 day moving average of $63.80 and a 200 day moving average of $77.77. GraniteShares 2x Long SMCI Daily ETF has a 12 month low of $8.60 and a 12 month high of $187.00.

About GraniteShares 2x Long SMCI Daily ETF

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.