GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 107.2% in November

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 1,170,000 shares, a growth of 107.2% from the November 15th total of 564,700 shares. Based on an average daily volume of 3,285,100 shares, the short-interest ratio is currently 0.4 days.

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. Flow Traders U.S. LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 70,996 shares of the company’s stock, valued at approximately $1,079,000. Flow Traders U.S. LLC owned 0.45% of GraniteShares 2x Long AMD Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AMD Daily ETF Stock Up 3.7 %

Shares of NASDAQ:AMDL opened at $9.01 on Thursday. GraniteShares 2x Long AMD Daily ETF has a 52 week low of $8.47 and a 52 week high of $25.62. The company has a 50 day moving average price of $12.22 and a two-hundred day moving average price of $13.73.

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.