GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Shares Up 2.3% – Here’s Why

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML)’s stock price were up 2.3% on Thursday . The stock traded as high as $15.44 and last traded at $15.11. 420,944 shares traded hands during trading, a decline of 58% from the average daily volume of 1,004,199 shares. The stock had previously closed at $14.77.

GraniteShares 2x Long QCOM Daily ETF Stock Up 2.3%

The company’s 50 day moving average price is $19.84 and its 200-day moving average price is $18.62.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC purchased a new position in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 Securities & Exchange Commission.

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.