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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 6,269,529 shares, an increase of 83.2% from the February 12th total of 3,421,416 shares. Based on an average daily volume of 8,846,629 shares, the short-interest ratio is presently 0.7 days. Currently, 17.8% of the company’s stock are short sold. Currently, 17.8% of the company’s stock are short sold. Based on an average daily volume of 8,846,629 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMDL. Vestor Capital LLC lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after buying an additional 6,074 shares during the last quarter. UBS Group AG grew its stake in GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after buying an additional 487,097 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth $149,000. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth $276,000. Finally, CreativeOne Wealth LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $157,000.

GraniteShares 2x Long AMD Daily ETF Stock Down 4.7%

AMDL opened at $11.26 on Friday. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $2.77 and a fifty-two week high of $25.86. The business has a 50-day moving average of $15.10 and a 200-day moving average of $15.62.

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.