Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Expands By 58.6%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 7,360,000 shares, a growth of 58.6% from the September 30th total of 4,640,000 shares. Currently, 19.6% of the company’s stock are short sold. Based on an average trading volume of 31,636,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 31,636,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 19.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMDL. Lauer Wealth LLC boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 43.4% during the 1st quarter. Lauer Wealth LLC now owns 40,995 shares of the company’s stock valued at $211,000 after purchasing an additional 12,415 shares during the last quarter. XTX Topco Ltd bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $126,000. Wealthspire Advisors LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $77,000. Headlands Technologies LLC boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 1,030.3% during the 1st quarter. Headlands Technologies LLC now owns 12,648 shares of the company’s stock valued at $65,000 after purchasing an additional 11,529 shares during the last quarter. Finally, Simplex Trading LLC boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 908.2% during the 1st quarter. Simplex Trading LLC now owns 138,623 shares of the company’s stock valued at $712,000 after purchasing an additional 124,874 shares during the last quarter.

GraniteShares 2x Long AMD Daily ETF Stock Performance

NASDAQ:AMDL opened at $23.74 on Friday. GraniteShares 2x Long AMD Daily ETF has a one year low of $2.77 and a one year high of $25.86. The business has a fifty day moving average price of $14.44 and a 200-day moving average price of $10.11.

About GraniteShares 2x Long AMD Daily ETF

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.