GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Update

Posted by Patrick Bannon on Nov 28th, 2024

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 564,700 shares, a drop of 67.4% from the October 31st total of 1,730,000 shares. Based on an average daily volume of 2,686,800 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC raised its position in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Free Report) by 39.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,800 shares of the company’s stock after acquiring an additional 16,022 shares during the quarter. Garden State Investment Advisory Services LLC owned approximately 0.36% of GraniteShares 2x Long AMD Daily ETF worth $863,000 at the end of the most recent quarter.

GraniteShares 2x Long AMD Daily ETF Price Performance

GraniteShares 2x Long AMD Daily ETF stock opened at $9.97 on Thursday. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $8.74 and a 12 month high of $25.62. The business’s fifty day simple moving average is $13.02 and its two-hundred day simple moving average is $14.17.

About GraniteShares 2x Long AMD Daily ETF

(Get Free Report)

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.