GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 212.0% in December

Posted by Stacy Sanders on Dec 26th, 2024

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,650,000 shares, an increase 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 presently 0.8 days.

GraniteShares 2x Long AMD Daily ETF Stock Performance

Shares of GraniteShares 2x Long AMD Daily ETF stock traded down $0.02 on Thursday, reaching $8.38. 2,606,956 shares of the stock were exchanged, compared to its average volume of 2,559,850. The firm’s 50 day moving average is $10.67 and its 200-day moving average is $13.05. GraniteShares 2x Long AMD Daily ETF has a one year low of $7.34 and a one year high of $25.62.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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 as of its most recent filing with the SEC.

GraniteShares 2x Long AMD Daily ETF Company Profile

(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.