GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) Sees Significant Drop in Short Interest

GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 1,200 shares, a decrease of 95.1% from the May 31st total of 24,300 shares. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is currently 0.0 days.

GraniteShares 1x Short AMD Daily ETF Price Performance

Shares of AMDS stock opened at $12.74 on Friday. GraniteShares 1x Short AMD Daily ETF has a one year low of $9.48 and a one year high of $28.32. The company’s 50-day moving average is $13.12 and its 200 day moving average is $13.41.

GraniteShares 1x Short AMD Daily ETF Company Profile

The GraniteShares 1x Short AMD Daily ETF (AMDS) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of Advanced Micro Devices stock. AMDS was launched on Aug 21, 2023 and is issued by GraniteShares.