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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,730,000 shares, a growth of 342.8% from the October 15th total of 390,700 shares. Based on an average daily volume of 2,407,500 shares, the short-interest ratio is presently 0.7 days.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of NASDAQ:AMDL opened at $10.49 on Thursday. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $8.74 and a 12 month high of $25.62. The company’s 50-day moving average price is $13.42 and its two-hundred day moving average price is $14.54.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned about 0.48% of GraniteShares 2x Long AMD Daily ETF at the end of the most recent quarter.

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.