GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 4,310,000 shares, a growth 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 currently 0.6 days.
GraniteShares 2x Long AMD Daily ETF Trading Down 5.0 %
Shares of NASDAQ:AMDL traded down $0.36 during trading on Friday, reaching $6.88. The company had a trading volume of 11,279,909 shares, compared to its average volume of 11,199,304. The firm’s fifty day moving average is $8.38 and its 200 day moving average is $11.30. GraniteShares 2x Long AMD Daily ETF has a twelve month low of $6.52 and a twelve month high of $25.62.
Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF
A number of institutional investors have recently added to or reduced their stakes in AMDL. IMC Chicago LLC increased its position in shares of GraniteShares 2x Long AMD Daily ETF by 212.5% during the 4th quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock valued at $794,000 after purchasing an additional 70,491 shares during the period. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at about $1,079,000. Garden State Investment Advisory Services LLC boosted its stake in 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 buying an additional 16,022 shares in the last quarter. Finally, Lauer Wealth LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the fourth quarter worth about $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.
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