GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) Short Interest Up 1,869.2% in January

GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 25,600 shares, a growth of 1,869.2% from the December 31st total of 1,300 shares. Based on an average daily volume of 44,000 shares, the days-to-cover ratio is presently 0.6 days.

GraniteShares 1x Short AMD Daily ETF Price Performance

Shares of AMDS traded up $0.08 during mid-day trading on Tuesday, hitting $16.63. 7,839 shares of the company traded hands, compared to its average volume of 42,729. The business has a 50-day moving average of $15.06 and a 200 day moving average of $13.85. GraniteShares 1x Short AMD Daily ETF has a one year low of $9.48 and a one year high of $16.86.

GraniteShares 1x Short AMD Daily ETF Company Profile

The GraniteShares 1x Short AMD Daily ETF (AMDS) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of Advanced Micro Devices stock. AMDS was launched on Aug 21, 2023 and is issued by GraniteShares.