GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Sees Large Decrease in Short Interest

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,017,949 shares, a drop of 52.5% from the June 15th total of 4,244,308 shares. Approximately 10.5% of the shares of the company are sold short. Based on an average daily trading volume, of 3,952,887 shares, the days-to-cover ratio is presently 0.5 days.

GraniteShares 2x Long AMD Daily ETF Stock Down 8.7%

AMDL opened at $68.08 on Tuesday. GraniteShares 2x Long AMD Daily ETF has a 52 week low of $8.44 and a 52 week high of $83.79. The business’s 50 day moving average is $62.93 and its two-hundred day moving average is $32.80.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Institutional investors have recently modified their holdings of the business. Client First Investment Management LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $1,097,000. Thrive Wealth Management LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $238,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $524,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $1,726,000. Finally, Balboa Wealth Partners purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at about $122,000.

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.