GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,017,949 shares, a decrease of 52.5% from the June 15th total of 4,244,308 shares. Approximately 10.5% of the shares of the company are sold short. Based on an average trading volume of 3,952,887 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of AMDL. Osaic Holdings Inc. raised its position in GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the last quarter. HUB Investment Partners LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at about $108,000. Balboa Wealth Partners purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at about $122,000. Financial Engines Advisors L.L.C. acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $149,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $157,000.
GraniteShares 2x Long AMD Daily ETF Trading Down 8.7%
Shares of AMDL stock opened at $68.08 on Tuesday. The business’s 50 day moving average is $62.93 and its two-hundred day moving average is $32.80. GraniteShares 2x Long AMD Daily ETF has a twelve month low of $8.44 and a twelve month high of $83.79.
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.
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