Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Decreases By 91.5%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 310,500 shares, a drop of 91.5% from the December 31st total of 3,650,000 shares. Based on an average daily volume of 6,234,600 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Institutional investors have recently made changes to their positions in the stock. Lauer Wealth LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the fourth quarter valued at approximately $219,000. Garden State Investment Advisory Services LLC grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 39.3% in the third quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock worth $863,000 after purchasing an additional 16,022 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at $1,079,000. Finally, IMC Chicago LLC boosted its position in GraniteShares 2x Long AMD Daily ETF by 212.5% during the 4th quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock valued at $794,000 after buying an additional 70,491 shares during the period.

GraniteShares 2x Long AMD Daily ETF Stock Performance

AMDL traded down $0.04 during trading on Tuesday, reaching $6.77. 7,091,724 shares of the company were exchanged, compared to its average volume of 11,330,043. GraniteShares 2x Long AMD Daily ETF has a 12-month low of $6.52 and a 12-month high of $25.62. The company’s 50-day moving average is $8.65 and its two-hundred day moving average is $11.55.

About GraniteShares 2x Long AMD Daily ETF

(Get Free Report)

The GraniteShares 2x Long AMD Daily ETF (AMDL) 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 Advanced Micro Devices stock. AMDL was launched on Mar 4, 2024 and is issued by GraniteShares.

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