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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant increase in short interest during the month of 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 short-interest ratio is currently 0.6 days.

GraniteShares 2x Long AMD Daily ETF Stock Up 2.4 %

NASDAQ AMDL opened at $7.24 on Friday. The company has a fifty day simple moving average of $8.51 and a two-hundred day simple moving average of $11.42. GraniteShares 2x Long AMD Daily ETF has a 12-month low of $6.52 and a 12-month high of $25.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lauer Wealth LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth $219,000. Garden State Investment Advisory Services LLC raised its holdings 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 worth $863,000 after purchasing an additional 16,022 shares during the last quarter. IMC Chicago LLC raised its holdings 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 worth $794,000 after purchasing an additional 70,491 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth $1,079,000.

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.