GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Sees Significant Growth in Short Interest

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 153,202 shares, a growth of 188.5% from the May 31st total of 53,105 shares. Approximately 25.5% of the company’s stock are short sold. Based on an average daily volume of 287,905 shares, the days-to-cover ratio is currently 0.5 days.

GraniteShares 2x Long SMCI Daily ETF Stock Performance

Shares of SMCL stock traded down $0.98 during mid-day trading on Friday, hitting $13.47. 458,252 shares of the stock traded hands, compared to its average volume of 1,603,545. GraniteShares 2x Long SMCI Daily ETF has a 52-week low of $8.60 and a 52-week high of $187.00. The stock’s fifty day moving average is $63.80 and its two-hundred day moving average is $77.77.

Institutional Investors Weigh In On GraniteShares 2x Long SMCI Daily ETF

Several institutional investors have recently bought and sold shares of SMCL. StoneX Group Inc. purchased a new position in GraniteShares 2x Long SMCI Daily ETF during the 4th quarter worth $118,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long SMCI Daily ETF in the first quarter valued at approximately $160,000. SBI Securities Co. Ltd. increased its stake in shares of GraniteShares 2x Long SMCI Daily ETF by 262.2% in 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, Optiver Holding B.V. grew its position in GraniteShares 2x Long SMCI Daily ETF by 988.5% during the 1st quarter. Optiver Holding B.V. now owns 308,923 shares of the company’s stock worth $531,000 after purchasing an additional 280,543 shares during the period.

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.