GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 212.0% in December

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,650,000 shares, an increase of 212.0% from the November 30th total of 1,170,000 shares. Based on an average trading volume of 4,692,100 shares, the short-interest ratio is presently 0.8 days.

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

An institutional investor recently raised its position in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC lifted its stake in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) by 39.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,800 shares of the company’s stock after buying an additional 16,022 shares during the quarter. Garden State Investment Advisory Services LLC owned approximately 0.36% of GraniteShares 2x Long AMD Daily ETF worth $863,000 as of its most recent SEC filing.

GraniteShares 2x Long AMD Daily ETF Stock Up 0.2 %

AMDL stock opened at $8.26 on Friday. The firm’s fifty day simple moving average is $10.46 and its 200-day simple moving average is $12.96. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $7.34 and a 12 month high of $25.62.

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.