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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 390,700 shares, a growth of 90.8% from the September 30th total of 204,800 shares. Based on an average trading volume of 2,175,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned 0.48% of GraniteShares 2x Long AMD Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of AMDL stock opened at $13.55 on Friday. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $8.74 and a fifty-two week high of $25.62. The stock’s 50-day simple moving average is $13.69 and its 200-day simple moving average is $14.96.

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.