GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Update

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 6,269,529 shares, a growth of 83.2% from the February 12th total of 3,421,416 shares. Based on an average trading volume of 8,846,629 shares, the short-interest ratio is currently 0.7 days. Approximately 17.8% of the shares of the stock are sold short. Approximately 17.8% of the shares of the stock are sold short. Based on an average trading volume of 8,846,629 shares, the short-interest ratio is currently 0.7 days.

GraniteShares 2x Long AMD Daily ETF Stock Down 6.8%

NASDAQ:AMDL opened at $11.81 on Friday. The firm’s fifty day simple moving average is $15.22 and its 200-day simple moving average is $15.59. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $2.77 and a fifty-two week high of $25.86.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vestor Capital LLC lifted its position in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% during the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after acquiring an additional 6,074 shares during the period. UBS Group AG increased its stake in GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after purchasing an additional 487,097 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at approximately $149,000. Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter worth $276,000. Finally, CreativeOne Wealth LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter worth $157,000.

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.