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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 204,800 shares, a growth of 17.4% from the September 15th total of 174,400 shares. Based on an average daily volume of 2,305,600 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Long AMD Daily ETF Price Performance

GraniteShares 2x Long AMD Daily ETF stock opened at $15.26 on Tuesday. GraniteShares 2x Long AMD Daily ETF has a one year low of $8.74 and a one year high of $25.62. The company’s fifty day moving average price is $13.30 and its two-hundred day moving average price is $15.35.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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).

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.