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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a large growth in short interest during 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. Based on an average trading volume of 10,824,776 shares, the days-to-cover ratio is currently 0.7 days. Currently, 18.9% of the shares of the stock are short sold. Currently, 18.9% of the shares of the stock are short sold. Based on an average trading volume of 10,824,776 shares, the days-to-cover ratio is currently 0.7 days.

GraniteShares 2x Long AMD Daily ETF Stock Down 12.1%

Shares of AMDL opened at $18.50 on Friday. The firm’s 50 day moving average is $16.69 and its 200-day moving average is $15.33. GraniteShares 2x Long AMD Daily ETF has a 12-month low of $2.77 and a 12-month high of $25.86.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $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 valued at $108,000. SBI Securities Co. Ltd. increased its stake 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 worth $127,000 after purchasing an additional 4,840 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth about $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth about $157,000.

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.