GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Sees Large Decrease in Short Interest

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 4,825,365 shares, a decrease of 32.8% from the January 15th total of 7,184,504 shares. Based on an average trading volume of 11,532,228 shares, the days-to-cover ratio is presently 0.4 days. Currently, 13.7% of the company’s shares are sold short. Currently, 13.7% of the company’s shares are sold short. Based on an average trading volume of 11,532,228 shares, the days-to-cover ratio is presently 0.4 days.

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

Several large investors have recently bought and sold shares of AMDL. Simplex Trading LLC boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 204.2% in the second quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock valued at $3,588,000 after buying an additional 283,100 shares during the period. GatePass Capital LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $426,000. SBI Securities Co. Ltd. lifted its position in GraniteShares 2x Long AMD Daily ETF by 47.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock valued at $127,000 after acquiring an additional 4,840 shares in the last quarter. UBS Group AG boosted its stake in GraniteShares 2x Long AMD Daily ETF by 57.0% in the 3rd quarter. UBS Group AG now owns 1,012,903 shares of the company’s stock worth $10,463,000 after purchasing an additional 367,782 shares during the period. Finally, Group One Trading LLC increased its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% during the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after purchasing an additional 537,911 shares in the last quarter.

GraniteShares 2x Long AMD Daily ETF Trading Up 1.1%

Shares of AMDL stock opened at $13.31 on Monday. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $2.77 and a 12 month high of $25.86. The stock has a 50-day moving average price of $16.41 and a 200 day moving average price of $15.60.

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.