GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 1,288.1% in January

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 4,310,000 shares, an increase of 1,288.1% from the December 31st total of 310,500 shares. Based on an average daily trading volume, of 7,515,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMDL. Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at $1,079,000. Garden State Investment Advisory Services LLC grew its position in GraniteShares 2x Long AMD Daily ETF by 39.3% during the third quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock valued at $863,000 after buying an additional 16,022 shares during the period. Lauer Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the fourth quarter valued at $219,000. Finally, IMC Chicago LLC grew its position in GraniteShares 2x Long AMD Daily ETF by 212.5% during the fourth quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock valued at $794,000 after buying an additional 70,491 shares during the period.

GraniteShares 2x Long AMD Daily ETF Stock Performance

AMDL stock opened at $7.24 on Friday. The firm’s fifty day moving average is $8.51 and its 200 day moving average is $11.42. GraniteShares 2x Long AMD Daily ETF has a one year low of $6.52 and a one year high of $25.62.

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.