GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Shares Up 4% – What’s Next?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) shares shot up 4% during trading on Tuesday. The stock traded as high as $21.54 and last traded at $21.33. Approximately 679,643 shares traded hands during trading, a decline of 27% from the average session volume of 935,357 shares. The stock had previously closed at $20.50.

GraniteShares 2x Long QCOM Daily ETF Stock Performance

The business’s fifty day moving average price is $15.98 and its two-hundred day moving average price is $19.01.

Institutional Trading of GraniteShares 2x Long QCOM Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,456 shares of the company’s stock after acquiring an additional 13,942 shares during the period. Optiver Holding B.V. owned 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 at the end of the most recent reporting period.

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.