GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 310,500 shares, a decline of 91.5% from the December 31st total of 3,650,000 shares. Based on an average daily trading volume, of 6,234,600 shares, the short-interest ratio is currently 0.0 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC grew its stake in shares of GraniteShares 2x Long AMD Daily ETF by 212.5% during the fourth quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock worth $794,000 after buying an additional 70,491 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth $1,079,000. Garden State Investment Advisory Services LLC grew its stake in shares of GraniteShares 2x Long AMD Daily ETF by 39.3% during the third quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock worth $863,000 after buying an additional 16,022 shares during the last quarter. Finally, Lauer Wealth LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the fourth quarter worth $219,000.
GraniteShares 2x Long AMD Daily ETF Price Performance
Shares of NASDAQ:AMDL opened at $6.70 on Wednesday. The company’s 50 day simple moving average is $8.65 and its 200 day simple moving average is $11.55. GraniteShares 2x Long AMD Daily ETF has a 1 year low of $6.52 and a 1 year high of $25.62.
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.
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