Short Interest in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Rises By 124.0%

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 7,370,000 shares, a growth of 124.0% from the January 31st total of 3,290,000 shares. Based on an average daily volume of 11,676,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMDL. Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $1,079,000. IMC Chicago LLC raised its stake in GraniteShares 2x Long AMD Daily ETF by 212.5% during the 4th quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock worth $794,000 after acquiring an additional 70,491 shares during the period. Optiver Holding B.V. lifted its holdings in GraniteShares 2x Long AMD Daily ETF by 71.6% during the fourth quarter. Optiver Holding B.V. now owns 162,651 shares of the company’s stock valued at $1,246,000 after purchasing an additional 67,877 shares in the last quarter. Fortis Capital Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth approximately $260,000. Finally, Matauro LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth approximately $254,000.

GraniteShares 2x Long AMD Daily ETF Trading Up 0.8 %

NASDAQ:AMDL opened at $5.00 on Friday. The company has a fifty day moving average of $7.07 and a 200 day moving average of $10.42. GraniteShares 2x Long AMD Daily ETF has a 52 week low of $4.88 and a 52 week high of $25.62.

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.