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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 7,370,000 shares, an increase of 124.0% from the January 31st total of 3,290,000 shares. Based on an average daily volume of 11,676,500 shares, the days-to-cover ratio is presently 0.6 days.

GraniteShares 2x Long AMD Daily ETF Stock Performance

NASDAQ:AMDL opened at $5.00 on Friday. The stock’s fifty day moving average is $7.07 and its 200 day moving average is $10.43. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $4.88 and a fifty-two week high of $25.62.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 4th quarter worth about $63,000. B. Riley Wealth Advisors Inc. bought a new stake in GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth about $77,000. Jane Street Group LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the fourth quarter valued at approximately $82,000. Cresset Asset Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the fourth quarter valued at approximately $149,000. Finally, Lauer Wealth LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth approximately $219,000.

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.