GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Shares Up 8% – Should You Buy?

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 traded hands during 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 Price Performance

The business’s 50-day moving average is $60.22 and its two-hundred day moving average is $112.23.

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

A number of large investors have recently bought and sold shares of the company. StoneX Group Inc. purchased a new position in GraniteShares 2x Long SMCI Daily ETF during the 4th quarter worth $118,000. SBI Securities Co. Ltd. raised its position in GraniteShares 2x Long SMCI Daily ETF by 262.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock worth $225,000 after buying an additional 36,107 shares during the last quarter. Finally, IMC Chicago LLC purchased a new position in GraniteShares 2x Long SMCI Daily ETF during the 1st quarter worth $160,000.

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.