GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Update

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 4,730,000 shares, a decline of 34.5% from the February 28th total of 7,220,000 shares. Currently, 9.9% of the company’s stock are sold short. Based on an average daily trading volume, of 14,848,500 shares, the days-to-cover ratio is currently 0.3 days.

GraniteShares 2x Long AMD Daily ETF Stock Performance

Shares of NASDAQ AMDL opened at $5.19 on Monday. The stock’s 50 day moving average price is $6.06 and its two-hundred day moving average price is $9.39. GraniteShares 2x Long AMD Daily ETF has a 52-week low of $4.46 and a 52-week high of $23.75.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

A number of institutional investors have recently made changes to their positions in AMDL. IMC Chicago LLC boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 212.5% in the fourth quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock worth $794,000 after purchasing an additional 70,491 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the fourth quarter worth $63,000. Fortis Capital Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 4th quarter worth about $260,000. Lauer Wealth LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 4th quarter valued at about $219,000. Finally, Garden State Investment Advisory Services LLC grew its position in shares of GraniteShares 2x Long AMD Daily ETF by 39.3% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock valued at $863,000 after buying an additional 16,022 shares during the last quarter.

GraniteShares 2x Long AMD Daily ETF Company Profile

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.