2x Long CRWV Daily ETF (NASDAQ:CRWG – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 4,887,583 shares, a growth of 202.7% from the September 30th total of 1,614,525 shares. Currently, 28.2% of the shares of the company are short sold. Based on an average daily volume of 4,136,650 shares, the short-interest ratio is currently 1.2 days.
2x Long CRWV Daily ETF Stock Performance
Shares of NASDAQ:CRWG opened at $7.86 on Thursday. 2x Long CRWV Daily ETF has a twelve month low of $5.71 and a twelve month 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.
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