GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Sees Significant Growth in Short Interest

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

GraniteShares 2x Long SMCI Daily ETF Price Performance

Shares of NASDAQ:SMCL opened at $54.23 on Wednesday. The firm has a fifty day moving average price of $54.27 and a two-hundred day moving average price of $95.57. GraniteShares 2x Long SMCI Daily ETF has a one year low of $25.80 and a one year high of $561.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMCL. IMC Chicago LLC bought a new position in GraniteShares 2x Long SMCI Daily ETF in the 1st quarter valued at $160,000. SBI Securities Co. Ltd. boosted 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 valued at $225,000 after purchasing an additional 36,107 shares during the period. Finally, StoneX Group Inc. bought a new position in GraniteShares 2x Long SMCI Daily ETF in the 4th quarter valued at $118,000.

GraniteShares 2x Long SMCI Daily ETF Company Profile

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.