GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) Trading Down 9.8% – What’s Next?

GraniteShares 2x Long SMCI Daily ETF (NASDAQ:SMCL) shares traded down 9.8% during trading on Wednesday . The company traded as low as $34.56 and last traded at $34.60. 455,309 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 545,162 shares. The stock had previously closed at $38.38.

GraniteShares 2x Long SMCI Daily ETF Price Performance

The stock has a 50 day moving average of $63.71 and a 200 day moving average of $81.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long SMCI Daily ETF by 988.5% during the first quarter. Optiver Holding B.V. now owns 308,923 shares of the company’s stock valued at $531,000 after buying an additional 280,543 shares during the last quarter. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long SMCI Daily ETF during the first quarter valued at about $160,000. SBI Securities Co. Ltd. grew its stake in shares of GraniteShares 2x Long SMCI Daily ETF by 262.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 49,880 shares of the company’s stock valued at $225,000 after buying an additional 36,107 shares during the last quarter. Finally, StoneX Group Inc. bought a new position in shares of GraniteShares 2x Long SMCI Daily ETF during the fourth quarter valued at about $118,000.

About GraniteShares 2x Long SMCI Daily ETF

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.