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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,421,416 shares, a drop of 29.1% from the January 29th total of 4,825,365 shares. Currently, 9.7% of the shares of the company are short sold. Based on an average daily volume of 17,016,001 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 17,016,001 shares, the short-interest ratio is presently 0.2 days. Currently, 9.7% of the shares of the company are short sold.

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

Several large investors have recently made changes to their positions in AMDL. Group One Trading LLC boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% during the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares in the last quarter. UBS Group AG boosted its holdings 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. Simplex Trading LLC boosted its position in GraniteShares 2x Long AMD Daily ETF by 204.2% during the second quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock worth $3,588,000 after acquiring an additional 283,100 shares during the last quarter. GatePass Capital LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $426,000. Finally, NewEdge Advisors LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $359,000.

GraniteShares 2x Long AMD Daily ETF Stock Performance

Shares of AMDL opened at $12.26 on Monday. GraniteShares 2x Long AMD Daily ETF has a 52 week low of $2.77 and a 52 week high of $25.86. The stock’s 50-day moving average price is $15.87 and its 200-day moving average price is $15.63.

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.