GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Trading 7.2% Higher – Should You Buy?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) shot up 7.2% during mid-day trading on Wednesday . The stock traded as high as $24.57 and last traded at $24.31. Approximately 209,851 shares were traded during mid-day trading, an increase of 142% from the average session volume of 86,863 shares. The stock had previously closed at $22.67.

GraniteShares 2x Long QCOM Daily ETF Stock Up 7.2%

The stock has a fifty day moving average of $21.49 and a 200-day moving average of $19.97.

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. boosted its position in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 298.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,723 shares of the company’s stock after acquiring an additional 33,490 shares during the quarter. Optiver Holding B.V. owned 4.30% of GraniteShares 2x Long QCOM Daily ETF worth $944,000 at the end of the most recent quarter.

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.