GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 58.6% in October

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 7,360,000 shares, a growth of 58.6% from the September 30th total of 4,640,000 shares. Approximately 19.6% of the company’s stock are short sold. Based on an average daily trading volume, of 31,636,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 31,636,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 19.6% of the company’s stock are short sold.

GraniteShares 2x Long AMD Daily ETF Trading Up 1.0%

AMDL stock traded up $0.23 during trading on Monday, reaching $23.97. The stock had a trading volume of 6,538,856 shares, compared to its average volume of 26,986,148. GraniteShares 2x Long AMD Daily ETF has a one year low of $2.77 and a one year high of $25.86. The company’s 50 day moving average is $14.44 and its two-hundred day moving average is $10.16.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Several large investors have recently made changes to their positions in AMDL. Group One Trading LLC boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares during the last quarter. Simplex Trading LLC grew its position in shares of GraniteShares 2x Long AMD Daily ETF by 204.2% during the 2nd quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock valued at $3,588,000 after acquiring an additional 283,100 shares during the period. GatePass Capital LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $426,000. NewEdge Advisors LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at approximately $359,000. Finally, Lauer Wealth LLC grew its holdings in GraniteShares 2x Long AMD Daily ETF by 43.4% during the first quarter. Lauer Wealth LLC now owns 40,995 shares of the company’s stock valued at $211,000 after purchasing an additional 12,415 shares during the 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.