GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Trading 2.6% Higher – Still a Buy?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) shares traded up 2.6% during trading on Wednesday . The company traded as high as $18.15 and last traded at $17.59. Approximately 379,798 shares were traded during trading, a decline of 64% from the average daily volume of 1,060,686 shares. The stock had previously closed at $17.15.

GraniteShares 2x Long QCOM Daily ETF Price Performance

The stock has a 50-day moving average price of $25.52 and a two-hundred day moving average price of $19.26.

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. increased its holdings in GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) by 30.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,456 shares of the company’s stock after acquiring an additional 13,942 shares during the quarter. Optiver Holding B.V. owned about 2.97% of GraniteShares 2x Long QCOM Daily ETF worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.