GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Short Interest Up 76.1% in April

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,653,727 shares, a growth of 76.1% from the April 15th total of 1,506,522 shares. Based on an average daily trading volume, of 23,328,699 shares, the short-interest ratio is presently 0.1 days. Currently, 442.3% of the shares of the company are sold short.

GraniteShares 2x Long SMCI Daily ETF Price Performance

Shares of NASDAQ SMCL traded down $2.01 during mid-day trading on Tuesday, hitting $53.38. The stock had a trading volume of 17,636 shares, compared to its average volume of 604,011. The company has a 50 day moving average of $54.99 and a two-hundred day moving average of $97.51. GraniteShares 2x Long SMCI Daily ETF has a twelve month low of $25.80 and a twelve month high of $561.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long SMCI Daily ETF during the first quarter worth about $160,000. SBI Securities Co. Ltd. increased its holdings in GraniteShares 2x Long SMCI Daily ETF by 262.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock worth $225,000 after buying an additional 36,107 shares during the period. Finally, StoneX Group Inc. acquired a new position in GraniteShares 2x Long SMCI Daily ETF in the 4th quarter worth approximately $118,000.

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.