Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Expands By 342.8%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,730,000 shares, an increase of 342.8% from the October 15th total of 390,700 shares. Based on an average daily volume of 2,407,500 shares, the days-to-cover ratio is currently 0.7 days.

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

An institutional investor recently bought a new position in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned 0.48% of GraniteShares 2x Long AMD Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long AMD Daily ETF Stock Performance

AMDL opened at $11.18 on Wednesday. The business has a 50 day moving average price of $13.41 and a two-hundred day moving average price of $14.57. GraniteShares 2x Long AMD Daily ETF has a 1-year low of $8.74 and a 1-year 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.