GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 342.8% in October

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,730,000 shares, a growth of 342.8% from the October 15th total of 390,700 shares. Based on an average daily volume of 2,407,500 shares, the short-interest ratio is currently 0.7 days.

GraniteShares 2x Long AMD Daily ETF Stock Performance

NASDAQ AMDL traded down $0.43 on Tuesday, reaching $11.34. The stock had a trading volume of 1,086,979 shares, compared to its average volume of 1,808,657. The business has a 50 day moving average price of $13.41 and a 200 day moving average price of $14.57. GraniteShares 2x Long AMD Daily ETF has a 1 year low of $8.74 and a 1 year high of $25.62.

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) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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

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.