Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Increases By 1,288.1%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 4,310,000 shares, an increase of 1,288.1% from the December 31st total of 310,500 shares. Based on an average daily volume of 7,515,300 shares, the short-interest ratio is presently 0.6 days.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of GraniteShares 2x Long AMD Daily ETF stock traded up $0.19 during trading on Thursday, reaching $7.26. 6,435,964 shares of the company’s stock were exchanged, compared to its average volume of 11,148,230. The firm’s 50-day moving average price is $8.51 and its 200 day moving average price is $11.42. GraniteShares 2x Long AMD Daily ETF has a 1-year low of $6.52 and a 1-year high of $25.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMDL. Lauer Wealth LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 4th quarter valued at approximately $219,000. Garden State Investment Advisory Services LLC increased its position in GraniteShares 2x Long AMD Daily ETF by 39.3% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock valued at $863,000 after acquiring an additional 16,022 shares during the period. IMC Chicago LLC raised its stake in shares of GraniteShares 2x Long AMD Daily ETF by 212.5% during the fourth quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock valued at $794,000 after acquiring an additional 70,491 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth $1,079,000.

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.