GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 310.2% in July

Posted by Alanna Baker on Aug 14th, 2024

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 717,100 shares, an increase of 310.2% from the July 15th total of 174,800 shares. Based on an average daily volume of 2,011,100 shares, the short-interest ratio is currently 0.4 days.

GraniteShares 2x Long AMD Daily ETF Stock Performance

GraniteShares 2x Long AMD Daily ETF stock traded down $0.25 on Wednesday, reaching $11.46. The company’s stock had a trading volume of 691,168 shares, compared to its average volume of 1,430,264. The company’s fifty day moving average is $15.14. GraniteShares 2x Long AMD Daily ETF has a twelve month low of $8.74 and a twelve month 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 stake in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

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.