GraniteShares Autocallable SMCI ETF (NASDAQ:SCA) Short Interest Update

GraniteShares Autocallable SMCI ETF (NASDAQ:SCA) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,071 shares, an increase of 1,132.7% from the June 15th total of 168 shares. Based on an average trading volume of 279 shares, the days-to-cover ratio is presently 7.4 days. Approximately 5.2% of the company’s shares are sold short.

Insiders Place Their Bets

In related news, Director J Tim Arnoult bought 9,000 shares of GraniteShares Autocallable SMCI ETF stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $9.05 per share, with a total value of $81,450.00. Following the completion of the transaction, the director owned 50,869 shares in the company, valued at $460,364.45. The trade was a 21.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have bought 10,700 shares of company stock worth $96,523.

GraniteShares Autocallable SMCI ETF Stock Up 0.4%

Shares of SCA stock traded up $0.09 during trading hours on Friday, reaching $20.51. 119 shares of the company’s stock were exchanged, compared to its average volume of 421. GraniteShares Autocallable SMCI ETF has a fifty-two week low of $19.50 and a fifty-two week high of $26.81.

GraniteShares Autocallable SMCI ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.8295 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 48.5%.