GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Stock Price Break Above 50 Day Moving Average – What’s Next?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $16.93 and traded as high as $17.34. GraniteShares 2x Long QCOM Daily ETF shares last traded at $17.09, with a volume of 232,780 shares.

GraniteShares 2x Long QCOM Daily ETF Stock Up 4.4%

The company has a 50 day simple moving average of $16.93 and a 200-day simple moving average of $18.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,456 shares of the company’s stock after buying an additional 13,942 shares during the quarter. Optiver Holding B.V. owned 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.