GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) saw a large decrease in short interest during 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. Based on an average trading volume of 14,950,739 shares, the days-to-cover ratio is presently 0.2 days. Currently, 8.7% of the company’s shares are short sold.
GraniteShares 2x Long AMD Daily ETF Stock Down 7.1%
NASDAQ AMDL opened at $71.57 on Friday. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $5.69 and a 12 month high of $78.00. The company has a 50-day moving average of $37.38 and a 200-day moving average of $23.02.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of AMDL. Osaic Holdings Inc. increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd 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 during the 2nd quarter valued at about $108,000. Balboa Wealth Partners acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $122,000. Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $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.
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