GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Trading Down 2.2% – Here’s What Happened

Shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) dropped 2.2% during mid-day trading on Thursday . The company traded as low as $1.74 and last traded at $1.75. Approximately 30,642,766 shares were traded during mid-day trading, an increase of 200% from the average daily volume of 10,229,007 shares. The stock had previously closed at $1.79.

GraniteShares 2x Long SMCI Daily ETF Stock Down 2.2%

The business has a 50 day moving average price of $3.79 and a 200-day moving average price of $7.45.

Institutional Investors Weigh In On GraniteShares 2x Long SMCI Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long SMCI Daily ETF stock. SBI Securities Co. Ltd. raised its holdings in shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) by 262.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,880 shares of the company’s stock after purchasing an additional 36,107 shares during the quarter. SBI Securities Co. Ltd. owned 0.51% of GraniteShares 2x Long SMCI Daily ETF worth $225,000 at the end of the most recent quarter.

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.