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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,358,974 shares, a drop of 37.0% from the April 30th total of 3,742,794 shares. Based on an average daily volume of 14,950,739 shares, the short-interest ratio is presently 0.2 days. Currently, 8.7% of the shares of the company are sold short.

GraniteShares 2x Long AMD Daily ETF Stock Performance

NASDAQ AMDL opened at $71.01 on Thursday. GraniteShares 2x Long AMD Daily ETF has a 1 year low of $5.69 and a 1 year high of $78.00. The company has a fifty day moving average of $36.20 and a 200 day moving average of $22.66.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its holdings 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 purchasing an additional 1,645 shares in the last quarter. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the first quarter valued at $122,000. Vestor Capital LLC increased its holdings in GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after buying an additional 6,074 shares in the last quarter. HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $108,000. Finally, Financial Engines Advisors L.L.C. acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $149,000.

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.