GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Shares Down 11.2% – Here’s What Happened

Shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) fell 11.2% on Monday . The company traded as low as $14.10 and last traded at $15.04. Approximately 613,175 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 1,452,260 shares. The stock had previously closed at $16.94.

GraniteShares 2x Long SMCI Daily ETF Stock Down 3.1%

The firm has a 50 day moving average price of $12.74 and a 200-day moving average price of $19.65.

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

Institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long SMCI Daily ETF by 988.5% during the 1st quarter. Optiver Holding B.V. now owns 308,923 shares of the company’s stock valued at $531,000 after acquiring an additional 280,543 shares during the period. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long SMCI Daily ETF in the 1st quarter valued at $160,000. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Long SMCI Daily ETF in the fourth quarter worth $118,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of GraniteShares 2x Long SMCI Daily ETF by 262.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock worth $225,000 after acquiring an additional 36,107 shares during the period.

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.