GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Shares Up 8% – What’s Next?

Shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) shot up 8% on Monday . The stock traded as high as $49.86 and last traded at $49.30. 107,932 shares were traded during mid-day trading, a decline of 84% from the average session volume of 660,666 shares. The stock had previously closed at $45.63.

GraniteShares 2x Long SMCI Daily ETF Stock Up 5.8%

The company has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $5.82.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long SMCI Daily ETF stock. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,089 shares of the company’s stock, valued at approximately $118,000. StoneX Group Inc. owned about 0.27% of GraniteShares 2x Long SMCI Daily ETF as of its most recent filing with the Securities and Exchange Commission.

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.