GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Stock Price Down 5.9% – What’s Next?

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL)’s share price traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $14.82 and last traded at $14.82. 377,792 shares traded hands during trading, a decline of 73% from the average session volume of 1,378,436 shares. The stock had previously closed at $15.75.

GraniteShares 2x Long SMCI Daily ETF Trading Up 19.3%

The firm’s fifty day moving average is $14.16 and its 200-day moving average is $17.96.

Institutional Inflows and Outflows

A hedge fund recently raised its position in GraniteShares 2x Long SMCI Daily ETF stock. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) by 988.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,923 shares of the company’s stock after acquiring an additional 280,543 shares during the period. Optiver Holding B.V. owned about 51.49% of GraniteShares 2x Long SMCI Daily ETF worth $531,000 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.