Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Decreases By 37.0%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 2,358,974 shares, a decline of 37.0% from the April 30th total of 3,742,794 shares. Based on an average trading volume of 14,950,739 shares, the short-interest ratio is currently 0.2 days. Approximately 8.7% of the company’s stock are sold short.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $524,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $1,726,000. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $122,000. Vestor Capital LLC increased its stake in GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after purchasing an additional 6,074 shares during the last quarter. Finally, UBS Group AG raised its holdings in 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 in the last quarter.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of NASDAQ:AMDL opened at $68.20 on Wednesday. GraniteShares 2x Long AMD Daily ETF has a 52 week low of $5.57 and a 52 week high of $72.85. The company’s 50 day moving average is $33.78 and its two-hundred day moving average is $21.96.

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.