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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,421,416 shares, a drop of 29.1% from the January 29th total of 4,825,365 shares. Based on an average trading volume of 17,016,001 shares, the short-interest ratio is currently 0.2 days. Currently, 9.7% of the shares of the company are short sold. Currently, 9.7% of the shares of the company are short sold. Based on an average trading volume of 17,016,001 shares, the short-interest ratio is currently 0.2 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC lifted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 204.2% during the second 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 during the period. SBI Securities Co. Ltd. raised its position in GraniteShares 2x Long AMD Daily ETF by 47.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock worth $127,000 after purchasing an additional 4,840 shares during the last quarter. GatePass Capital LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $426,000. Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at about $276,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at about $359,000.

GraniteShares 2x Long AMD Daily ETF Stock Performance

GraniteShares 2x Long AMD Daily ETF stock opened at $12.26 on Friday. The company’s 50-day moving average is $15.87 and its 200-day moving average is $15.62. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $2.77 and a fifty-two week high of $25.86.

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.