GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Shares Up 2.3% – What’s Next?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML)’s share price traded up 2.3% during mid-day trading on Thursday . The stock traded as high as $15.44 and last traded at $15.11. Approximately 420,944 shares changed hands during trading, a decline of 58% from the average session volume of 1,004,199 shares. The stock had previously closed at $14.77.

GraniteShares 2x Long QCOM Daily ETF Price Performance

The business has a 50 day moving average price of $19.58 and a 200 day moving average price of $18.60.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Long QCOM Daily ETF stock. Optiver Holding B.V. raised its position in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,456 shares of the company’s stock after purchasing an additional 13,942 shares during the period. Optiver Holding B.V. owned approximately 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 as of its most recent filing with the SEC.

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.