GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Update

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 310,500 shares, a drop of 91.5% from the December 31st total of 3,650,000 shares. Based on an average daily volume of 6,234,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMDL. IMC Chicago LLC boosted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 212.5% during the fourth 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 in the last quarter. Lauer Wealth LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the fourth quarter valued at about $219,000. Garden State Investment Advisory Services LLC boosted 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 purchasing 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 $0.04 during midday trading on Tuesday, hitting $6.77. 7,091,724 shares of the company’s stock were exchanged, compared to its average volume of 11,330,043. The company’s 50 day moving average price is $8.65 and its 200 day moving average price is $11.55. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $6.52 and a 12 month 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.