Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Drops By 64.1%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,640,000 shares, a decrease of 64.1% from the September 15th total of 12,910,000 shares. Based on an average daily trading volume, of 34,969,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 34,969,100 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 2x Long AMD Daily ETF Price Performance

NASDAQ:AMDL opened at $21.21 on Tuesday. The business’s fifty day moving average price is $12.53 and its 200 day moving average price is $8.91. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $2.77 and a 12 month high of $21.63.

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

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares during the last quarter. Headlands Technologies LLC boosted its stake in GraniteShares 2x Long AMD Daily ETF by 1,030.3% in the first quarter. Headlands Technologies LLC now owns 12,648 shares of the company’s stock valued at $65,000 after acquiring an additional 11,529 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $77,000. HUB Investment Partners LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $108,000. Finally, XTX Topco Ltd acquired a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $126,000.

GraniteShares 2x Long AMD Daily ETF Company Profile

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.