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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 3,650,000 shares, a growth of 212.0% from the November 30th total of 1,170,000 shares. Based on an average daily trading volume, of 4,692,100 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned about 0.48% of GraniteShares 2x Long AMD Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AMD Daily ETF Price Performance

NASDAQ AMDL traded up $0.02 during trading hours on Friday, reaching $8.26. The company’s stock had a trading volume of 10,402,115 shares, compared to its average volume of 2,618,577. The company’s 50-day moving average is $10.56 and its two-hundred day moving average is $13.02. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $7.34 and a fifty-two week high of $25.62.

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.