GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Trading Up 2.3% – Still a Buy?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML)’s stock price rose 2.3% during trading on Thursday . The stock traded as high as $15.44 and last traded at $15.11. Approximately 420,944 shares traded hands during trading, a decline of 58% from the average daily volume of 1,004,199 shares. The stock had previously closed at $14.77.

GraniteShares 2x Long QCOM Daily ETF Price Performance

The business has a 50-day simple moving average of $19.84 and a two-hundred day simple moving average of $18.62.

Institutional Trading of GraniteShares 2x Long QCOM Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,447 shares of the company’s stock, valued at approximately $31,000. Simplex Trading LLC owned 0.16% of GraniteShares 2x Long QCOM Daily ETF 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.