2x Long CRWV Daily ETF (NASDAQ:CRWG) Sees Significant Increase in Short Interest

2x Long CRWV Daily ETF (NASDAQ:CRWG) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,887,583 shares, an increase of 202.7% from the September 30th total of 1,614,525 shares. Based on an average trading volume of 4,136,650 shares, the days-to-cover ratio is presently 1.2 days. Currently, 28.2% of the shares of the company are sold short.

2x Long CRWV Daily ETF Stock Down 19.7%

CRWG stock opened at $6.35 on Friday. 2x Long CRWV Daily ETF has a fifty-two week low of $5.71 and a fifty-two week high of $131.10.

The 2x Long CRWV Daily ETF (NASDAQ:CRWG) is an exchange-traded fund designed to provide approximately twice the daily performance of CoreWeave, Inc (NASDAQ:CRWV), before fees and expenses. CoreWeave is a cloud infrastructure provider focused on graphics processing unit (GPU)-accelerated computing, artificial intelligence, machine learning, and other demanding workloads.

Rather than investing primarily in CoreWeave shares for long-term ownership, the fund generally seeks its investment objective through derivatives and other financial instruments that provide leveraged exposure to the underlying stock.