GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) Short Interest Down 37.9% in February

GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 8,700 shares, a decline of 37.9% from the February 13th total of 14,000 shares. Based on an average trading volume of 47,800 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 1x Short AMD Daily ETF stock. Optiver Holding B.V. bought a new stake in shares of GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 122,113 shares of the company’s stock, valued at approximately $1,945,000. Optiver Holding B.V. owned about 48.85% of GraniteShares 1x Short AMD Daily ETF as of its most recent filing with the Securities & Exchange Commission.

GraniteShares 1x Short AMD Daily ETF Price Performance

Shares of NASDAQ AMDS opened at $18.61 on Friday. The business’s 50 day moving average is $17.05 and its two-hundred day moving average is $14.82. GraniteShares 1x Short AMD Daily ETF has a 1-year low of $10.98 and a 1-year high of $19.88.

About GraniteShares 1x Short AMD Daily ETF

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.