GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Stock Price Down 4.2% – Here’s Why

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML)’s stock price dropped 4.2% during mid-day trading on Tuesday . The stock traded as low as $19.69 and last traded at $19.84. Approximately 1,758,251 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 1,075,108 shares. The stock had previously closed at $20.70.

GraniteShares 2x Long QCOM Daily ETF Trading Down 6.5%

The business has a 50-day simple moving average of $26.58 and a two-hundred day simple moving average of $19.62.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 and Exchange Commission.

GraniteShares 2x Long QCOM Daily ETF Company Profile

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.