GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) Short Interest Up 1,869.2% in January

GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 25,600 shares, a growth of 1,869.2% from the December 31st total of 1,300 shares. Based on an average daily trading volume, of 44,000 shares, the days-to-cover ratio is presently 0.6 days.

GraniteShares 1x Short AMD Daily ETF Stock Performance

Shares of AMDS stock opened at $16.72 on Wednesday. The firm’s 50 day moving average is $15.12 and its 200 day moving average is $13.89. GraniteShares 1x Short AMD Daily ETF has a 12 month low of $9.48 and a 12 month high of $16.86.

GraniteShares 1x Short AMD Daily ETF Company Profile

The GraniteShares 1x Short AMD Daily ETF (AMDS) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of Advanced Micro Devices stock. AMDS was launched on Aug 21, 2023 and is issued by GraniteShares.