GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Short Interest Up 1,645.2% in May

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 137,191 shares, an increase of 1,645.2% from the May 14th total of 7,861 shares. Currently, 6.9% of the company’s stock are short sold. Based on an average daily volume of 2,372,112 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC bought a new stake in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,447 shares of the company’s stock, valued at approximately $31,000. Simplex Trading LLC owned about 0.16% of GraniteShares 2x Long QCOM Daily ETF as of its most recent filing with the SEC.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

Shares of QCML traded down $3.27 during midday trading on Tuesday, hitting $25.48. The stock had a trading volume of 3,703,171 shares, compared to its average volume of 915,011. The company has a 50 day simple moving average of $22.28 and a two-hundred day simple moving average of $19.24. GraniteShares 2x Long QCOM Daily ETF has a twelve month low of $10.46 and a twelve month high of $41.90.

About GraniteShares 2x Long QCOM Daily ETF

The GraniteShares 2x Long QCOM Daily ETF (QCML) 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 Qualcomm Inc(QCOM) stock. QCML was launched on Feb 13, 2025 and is issued by GraniteShares.