Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Drops By 37.0%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,358,974 shares, a decrease of 37.0% from the April 30th total of 3,742,794 shares. Currently, 8.7% of the company’s shares are short sold. Based on an average trading volume of 14,950,739 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased 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 valued at $52,000 after acquiring an additional 1,645 shares during the last quarter. HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $108,000. Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at approximately $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at approximately $157,000.

GraniteShares 2x Long AMD Daily ETF Stock Performance

NASDAQ:AMDL opened at $68.20 on Wednesday. GraniteShares 2x Long AMD Daily ETF has a 52 week low of $5.57 and a 52 week high of $72.85. The stock’s fifty day moving average is $33.78 and its two-hundred day moving average is $21.96.

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.