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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 5,335,890 shares, a decline of 14.9% from the February 26th total of 6,269,529 shares. Currently, 15.1% of the shares of the company are short sold. Based on an average daily trading volume, of 10,554,569 shares, the days-to-cover ratio is presently 0.5 days.

GraniteShares 2x Long AMD Daily ETF Stock Down 6.0%

Shares of AMDL stock opened at $11.36 on Tuesday. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $2.77 and a 12 month high of $25.86. The company has a 50 day simple moving average of $14.29 and a two-hundred day simple moving average of $15.82.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. StoneX Group Inc. purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $170,000. NewEdge Advisors LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth $359,000. HUB Investment Partners LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at $108,000. Group One Trading LLC raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% during the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after purchasing an additional 537,911 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares in the last quarter.

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.