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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 174,400 shares, a decline of 59.6% from the August 31st total of 431,300 shares. Based on an average daily volume of 2,360,300 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long AMD Daily ETF Stock Down 2.5 %

Shares of NASDAQ:AMDL traded down $0.40 during midday trading on Friday, hitting $15.42. 813,099 shares of the stock were exchanged, compared to its average volume of 1,496,686. GraniteShares 2x Long AMD Daily ETF has a twelve month low of $8.74 and a twelve month high of $25.62. The firm has a 50 day simple moving average of $12.51.

Hedge Funds Weigh In On 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 acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned approximately 0.48% of GraniteShares 2x Long AMD Daily ETF at the end of the most recent reporting period.

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.