Short Interest in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Drops By 82.9%

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 7,365 shares, a drop of 82.9% from the January 15th total of 43,156 shares. Based on an average daily trading volume, of 71,451 shares, the short-interest ratio is presently 0.1 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 71,451 shares, the short-interest ratio is presently 0.1 days.

GraniteShares 2x Long QCOM Daily ETF Price Performance

QCML stock traded up $0.22 during mid-day trading on Tuesday, reaching $13.88. 79,277 shares of the company traded hands, compared to its average volume of 111,549. The firm’s 50 day moving average price is $20.08 and its 200 day moving average price is $20.24. GraniteShares 2x Long QCOM Daily ETF has a fifty-two week low of $12.18 and a fifty-two week high of $30.56.

Hedge Funds 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. boosted its position in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 298.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 44,723 shares of the company’s stock after purchasing an additional 33,490 shares during the period. Optiver Holding B.V. owned about 4.30% of GraniteShares 2x Long QCOM Daily ETF worth $944,000 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.