GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Stock Price Down 2.1% – Time to Sell?

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) shares fell 2.1% during mid-day trading on Friday . The company traded as low as $44.89 and last traded at $45.63. 513,986 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 667,510 shares. The stock had previously closed at $46.60.

GraniteShares 2x Long SMCI Daily ETF Price Performance

The stock has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $5.90.

Hedge Funds Weigh In On GraniteShares 2x Long SMCI Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long SMCI Daily ETF stock. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,089 shares of the company’s stock, valued at approximately $118,000. StoneX Group Inc. owned approximately 0.27% of GraniteShares 2x Long SMCI Daily ETF at the end of the most recent quarter.

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.