GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,290,000 shares, a decline of 23.7% from the January 15th total of 4,310,000 shares. Based on an average trading volume of 9,861,200 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AMDL. SBI Securities Co. Ltd. purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 4th quarter valued at $63,000. Jane Street Group LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the fourth quarter valued at about $82,000. Garden State Investment Advisory Services LLC boosted 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 period. Lauer Wealth LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth about $219,000. Finally, Matauro LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 4th quarter valued at about $254,000.
GraniteShares 2x Long AMD Daily ETF Stock Performance
AMDL opened at $6.46 on Friday. The stock’s 50 day simple moving average is $7.64 and its 200 day simple moving average is $10.81. GraniteShares 2x Long AMD Daily ETF has a 1 year low of $5.71 and a 1 year high of $25.62.
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.
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