Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Decreases By 14.9%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 5,335,890 shares, a drop of 14.9% from the February 26th total of 6,269,529 shares. Based on an average daily volume of 10,554,569 shares, the short-interest ratio is presently 0.5 days. Currently, 15.1% of the company’s shares are sold short.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vestor Capital LLC raised its holdings in GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after acquiring an additional 6,074 shares during the last quarter. UBS Group AG boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after purchasing an additional 487,097 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth $149,000. Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $276,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $157,000.

GraniteShares 2x Long AMD Daily ETF Price Performance

NASDAQ:AMDL opened at $13.04 on Thursday. The firm has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $15.81. GraniteShares 2x Long AMD Daily ETF has a 1-year low of $2.77 and a 1-year high of $25.86.

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.