GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Trading 2.5% Higher – Should You Buy?

Shares of GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) traded up 2.5% during trading on Tuesday . The stock traded as high as $4.62 and last traded at $4.56. 1,550,761 shares changed hands during trading, a decline of 77% from the average session volume of 6,777,498 shares. The stock had previously closed at $4.45.

GraniteShares 2x Long SMCI Daily ETF Price Performance

The firm has a 50-day moving average of $4.82 and a two-hundred day moving average of $9.49.

Institutional Trading of GraniteShares 2x Long SMCI Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long SMCI Daily ETF stock. StoneX Group Inc. acquired a new stake in GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,089 shares of the company’s stock, valued at approximately $118,000. StoneX Group Inc. owned 0.27% of GraniteShares 2x Long SMCI Daily ETF 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.