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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of 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 short-interest ratio is currently 0.2 days.

Institutional Trading of 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 bought a new position in shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned about 0.48% of GraniteShares 2x Long AMD Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long AMD Daily ETF Trading Down 2.2 %

GraniteShares 2x Long AMD Daily ETF stock traded down $0.22 during mid-day trading on Wednesday, hitting $9.97. The stock had a trading volume of 7,039,449 shares, compared to its average volume of 1,985,153. The firm’s 50 day moving average is $13.02 and its 200 day moving average is $14.17. GraniteShares 2x Long AMD Daily ETF has a one year low of $8.74 and a one year high of $25.62.

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.