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

GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML)’s stock price rose 2.6% during trading on Wednesday . The company traded as high as $18.15 and last traded at $17.59. 379,798 shares changed hands 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 Trading Up 2.6%

The company’s 50-day moving average is $25.52 and its two-hundred day moving average is $19.26.

Institutional Trading of GraniteShares 2x Long QCOM Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long QCOM Daily ETF stock. Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long QCOM Daily ETF (NASDAQ:QCML) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 at the end of the most recent reporting period.

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.