GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Short Interest Up 84.1% in August

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 673,230 shares, an increase of 84.1% from the August 15th total of 365,652 shares. Currently, 19.9% of the company’s shares are short sold. Based on an average daily volume of 680,014 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long SMCI Daily ETF stock. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 92,856 shares of the company’s stock, valued at approximately $160,000. IMC Chicago LLC owned 15.48% of GraniteShares 2x Long SMCI Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long SMCI Daily ETF Stock Performance

Shares of NASDAQ SMCL traded up $3.06 during midday trading on Thursday, hitting $18.80. The stock had a trading volume of 599,311 shares, compared to its average volume of 1,368,808. GraniteShares 2x Long SMCI Daily ETF has a 1-year low of $7.52 and a 1-year high of $143.67. The company has a fifty day moving average price of $14.16 and a 200 day moving average price of $17.96.

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.