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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 174,400 shares, a decline of 59.6% from the August 31st total of 431,300 shares. Based on an average daily volume of 2,360,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned about 0.48% of GraniteShares 2x Long AMD Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AMD Daily ETF Stock Down 2.5 %

NASDAQ:AMDL traded down $0.40 during trading hours on Friday, reaching $15.42. 813,099 shares of the company were exchanged, compared to its average volume of 1,496,686. The company’s 50 day moving average is $12.51. GraniteShares 2x Long AMD Daily ETF has a 52-week low of $8.74 and a 52-week 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.