GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Short Interest Update

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 64,921 shares, a decline of 97.6% from the April 30th total of 2,653,727 shares. Based on an average trading volume of 210,969 shares, the days-to-cover ratio is currently 0.3 days. Currently, 10.8% of the shares of the company are sold short.

GraniteShares 2x Long SMCI Daily ETF Stock Performance

SMCL traded up $22.69 during trading hours on Friday, hitting $119.34. 307,686 shares of the stock were exchanged, compared to its average volume of 575,132. The stock has a 50-day simple moving average of $52.17 and a 200-day simple moving average of $86.92. GraniteShares 2x Long SMCI Daily ETF has a 12 month low of $25.80 and a 12 month high of $561.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. StoneX Group Inc. acquired a new position in shares of GraniteShares 2x Long SMCI Daily ETF in the 4th quarter valued at about $118,000. SBI Securities Co. Ltd. raised its stake in GraniteShares 2x Long SMCI Daily ETF by 262.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock worth $225,000 after acquiring an additional 36,107 shares during the period. Finally, IMC Chicago LLC bought a new position in GraniteShares 2x Long SMCI Daily ETF in the first quarter worth about $160,000.

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.