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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant increase in short interest in 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 trading volume, of 7,515,300 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds have recently made changes to their positions in the company. Lauer Wealth LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter valued at $219,000. IMC Chicago LLC boosted its position in GraniteShares 2x Long AMD Daily ETF by 212.5% in the 4th quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock valued at $794,000 after buying an additional 70,491 shares during the last quarter. Garden State Investment Advisory Services LLC grew its stake in shares of GraniteShares 2x Long AMD Daily ETF by 39.3% during the third 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 in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter valued at about $1,079,000.

GraniteShares 2x Long AMD Daily ETF Stock Performance

Shares of NASDAQ:AMDL traded down $0.36 during mid-day trading on Friday, hitting $6.88. 11,279,909 shares of the company traded hands, compared to its average volume of 11,199,304. The firm’s 50 day simple moving average is $8.38 and its 200 day simple moving average is $11.30. GraniteShares 2x Long AMD Daily ETF has a 52-week low of $6.52 and a 52-week 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.