GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Down 23.7% in January

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 3,290,000 shares, a drop of 23.7% from the January 15th total of 4,310,000 shares. Based on an average daily volume of 9,861,200 shares, the short-interest ratio is currently 0.3 days.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of AMDL opened at $6.46 on Friday. The business’s 50 day moving average price is $7.64 and its 200-day moving average price is $10.81. GraniteShares 2x Long AMD Daily ETF has a 52 week low of $5.71 and a 52 week high of $25.62.

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

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 4th quarter worth about $63,000. Jane Street Group LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 4th quarter valued at about $82,000. Lauer Wealth LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth about $219,000. Matauro LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth about $254,000. Finally, Fortis Capital Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth approximately $260,000.

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.