Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Drops By 32.8%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 4,825,365 shares, a decline of 32.8% from the January 15th total of 7,184,504 shares. Based on an average daily trading volume, of 11,532,228 shares, the days-to-cover ratio is currently 0.4 days. Approximately 13.7% of the company’s stock are sold short. Approximately 13.7% of the company’s stock are sold short. Based on an average daily trading volume, of 11,532,228 shares, the days-to-cover ratio is currently 0.4 days.

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

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after purchasing an additional 1,645 shares during the period. HUB Investment Partners LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $108,000. SBI Securities Co. Ltd. lifted its position in GraniteShares 2x Long AMD Daily ETF by 47.8% during the second quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock worth $127,000 after acquiring an additional 4,840 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth approximately $149,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth approximately $157,000.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of AMDL traded up $0.15 during mid-day trading on Friday, hitting $13.31. 12,019,505 shares of the company’s stock were exchanged, compared to its average volume of 13,336,260. GraniteShares 2x Long AMD Daily ETF has a 52 week low of $2.77 and a 52 week high of $25.86. The company has a 50-day simple moving average of $16.41 and a 200 day simple moving average of $15.58.

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.