GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 45.8% in January

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 7,184,504 shares, a growth of 45.8% from the December 31st total of 4,926,333 shares. Approximately 18.9% of the company’s stock are short sold. Based on an average daily volume of 10,824,776 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 10,824,776 shares, the days-to-cover ratio is currently 0.7 days. Approximately 18.9% of the company’s stock are short sold.

GraniteShares 2x Long AMD Daily ETF Trading Up 7.8%

Shares of NASDAQ AMDL opened at $19.95 on Tuesday. The firm’s 50-day moving average price is $16.77 and its 200-day moving average price is $15.43. GraniteShares 2x Long AMD Daily ETF has a 1-year low of $2.77 and a 1-year high of $25.86.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC grew its stake in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after acquiring an additional 537,911 shares in the last quarter. UBS Group AG boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after purchasing an additional 487,097 shares during the last quarter. Simplex Trading LLC grew its position in GraniteShares 2x Long AMD Daily ETF by 204.2% in the 2nd quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock worth $3,588,000 after purchasing an additional 283,100 shares in the last quarter. GatePass Capital LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $426,000. Finally, NewEdge Advisors LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $359,000.

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.