GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) Stock Price Down 4.2% – Time to Sell?

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) dropped 4.2% during mid-day trading on Tuesday . The stock traded as low as $19.69 and last traded at $19.84. 1,758,251 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 1,075,108 shares. The stock had previously closed at $20.70.

GraniteShares 2x Long QCOM Daily ETF Trading Down 4.2%

The business’s 50-day moving average price is $26.36 and its 200 day moving average price is $19.69.

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

A hedge fund recently bought a new position in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,447 shares of the company’s stock, valued at approximately $31,000. Simplex Trading LLC owned approximately 0.16% of GraniteShares 2x Long QCOM Daily ETF as of its most recent SEC filing.

About GraniteShares 2x Long QCOM Daily ETF

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.