GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 45.8% in January

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 7,184,504 shares, a growth of 45.8% from the December 31st total of 4,926,333 shares. Approximately 18.9% of the shares of the company are sold short. Based on an average daily volume of 10,824,776 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 10,824,776 shares, the short-interest ratio is presently 0.7 days. Approximately 18.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMDL. Osaic Holdings Inc. raised its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after purchasing an additional 1,645 shares in the last quarter. HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at $108,000. SBI Securities Co. Ltd. raised its stake in shares of GraniteShares 2x Long AMD Daily ETF by 47.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock worth $127,000 after buying an additional 4,840 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $157,000.

GraniteShares 2x Long AMD Daily ETF Stock Down 12.1%

AMDL stock opened at $18.50 on Friday. The company has a 50-day simple moving average of $16.69 and a 200 day simple moving average of $15.33. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $2.77 and a fifty-two week high of $25.86.

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.