GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Sees Significant Increase in Short Interest

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 26,170 shares, an increase of 439.4% from the February 26th total of 4,852 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 51,709 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 51,709 shares, the days-to-cover ratio is presently 0.5 days. Approximately 2.9% of the shares of the company are short sold.

Hedge Funds Weigh In On GraniteShares 2x Long QCOM Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC purchased a new stake in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,447 shares of the company’s stock, valued at approximately $31,000. Simplex Trading LLC owned 0.16% of GraniteShares 2x Long QCOM Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long QCOM Daily ETF Price Performance

Shares of QCML opened at $11.67 on Wednesday. The firm has a 50-day moving average of $14.62 and a 200-day moving average of $19.14. GraniteShares 2x Long QCOM Daily ETF has a one year low of $11.45 and a one year high of $30.56.

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.