Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Grows By 17.4%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 204,800 shares, a growth of 17.4% from the September 15th total of 174,400 shares. Based on an average daily trading volume, of 2,305,600 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long AMD Daily ETF Stock Down 10.4 %

Shares of AMDL opened at $13.68 on Wednesday. The stock’s fifty day simple moving average is $13.37 and its 200 day simple moving average is $15.29. GraniteShares 2x Long AMD Daily ETF has a twelve month low of $8.74 and a twelve month high of $25.62.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned 0.48% of GraniteShares 2x Long AMD Daily ETF at the end of the most recent reporting period.

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.