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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 1,170,000 shares, an increase of 107.2% from the November 15th total of 564,700 shares. Based on an average trading volume of 3,285,100 shares, the short-interest ratio is presently 0.4 days.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of NASDAQ:AMDL traded down $0.52 during midday trading on Friday, hitting $8.54. 16,506,006 shares of the stock were exchanged, compared to its average volume of 2,260,731. GraniteShares 2x Long AMD Daily ETF has a 52-week low of $8.26 and a 52-week high of $25.62. The business’s fifty day simple moving average is $12.00 and its two-hundred day simple moving average is $13.67.

Institutional Trading of 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 bought a new position in shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.

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.