GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Sees Significant Decline in Short Interest

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 3,421,416 shares, a decrease of 29.1% from the January 29th total of 4,825,365 shares. Based on an average daily volume of 17,016,001 shares, the short-interest ratio is presently 0.2 days. Currently, 9.7% of the company’s stock are sold short. Currently, 9.7% of the company’s stock are sold short. Based on an average daily volume of 17,016,001 shares, the short-interest ratio is presently 0.2 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its position in shares of 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 during the period. SBI Securities Co. Ltd. grew its position in 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 valued at $127,000 after purchasing an additional 4,840 shares during the period. Vestor Capital LLC increased its stake in GraniteShares 2x Long AMD Daily ETF by 145.5% during the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after purchasing an additional 6,074 shares in the last quarter. HUB Investment Partners LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth $108,000. Finally, Financial Engines Advisors L.L.C. acquired a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter worth $149,000.

GraniteShares 2x Long AMD Daily ETF Price Performance

AMDL stock opened at $12.26 on Friday. The company’s 50-day moving average is $15.87 and its 200-day moving average is $15.62. GraniteShares 2x Long AMD Daily ETF has a 1 year low of $2.77 and a 1 year high of $25.86.

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.