GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Short Interest Up 1,645.2% in May

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 137,191 shares, an increase of 1,645.2% from the May 14th total of 7,861 shares. Currently, 6.9% of the company’s shares are short sold. Based on an average trading volume of 2,372,112 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

Shares of NASDAQ:QCML traded down $3.27 during mid-day trading on Tuesday, reaching $25.48. The stock had a trading volume of 3,703,171 shares, compared to its average volume of 915,011. The firm has a 50 day simple moving average of $22.28 and a two-hundred day simple moving average of $19.24. GraniteShares 2x Long QCOM Daily ETF has a twelve month low of $10.46 and a twelve month high of $41.90.

Institutional Investors Weigh In On GraniteShares 2x Long QCOM Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. lifted its position in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,456 shares of the company’s stock after buying an additional 13,942 shares during the period. Optiver Holding B.V. owned about 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 as of its most recent SEC filing.

About GraniteShares 2x Long QCOM Daily ETF

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.