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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 5,335,890 shares, a decrease of 14.9% from the February 26th total of 6,269,529 shares. Currently, 15.1% of the company’s stock are short sold. Based on an average trading volume of 10,554,569 shares, the days-to-cover ratio is currently 0.5 days.

GraniteShares 2x Long AMD Daily ETF Trading Down 6.0%

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

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

Institutional investors have recently modified their holdings of the business. UBS Group AG raised its position in GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after buying an additional 487,097 shares during the last quarter. Group One Trading LLC boosted its holdings 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 acquiring an additional 537,911 shares during the last quarter. GatePass Capital LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at about $426,000. NewEdge Advisors LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth approximately $359,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter worth approximately $276,000.

About GraniteShares 2x Long AMD Daily ETF

(Get Free Report)

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.

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