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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 310,500 shares, a drop of 91.5% from the December 15th total of 3,650,000 shares. Based on an average daily trading volume, of 6,234,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMDL. Garden State Investment Advisory Services LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $670,000. Flow Traders U.S. LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $1,079,000. Finally, Lauer Wealth LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 4th quarter worth approximately $219,000.

GraniteShares 2x Long AMD Daily ETF Trading Up 5.1 %

GraniteShares 2x Long AMD Daily ETF stock traded up $0.36 during mid-day trading on Wednesday, reaching $7.36. The company had a trading volume of 2,259,601 shares, compared to its average volume of 10,855,253. The stock’s 50-day simple moving average is $9.28 and its 200-day simple moving average is $12.23. GraniteShares 2x Long AMD Daily ETF has a 1 year low of $6.80 and a 1 year high of $25.62.

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.