GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 342.8% in October

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

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

GraniteShares 2x Long AMD Daily ETF Stock Down 6.2 %

Shares of AMDL opened at $10.49 on Thursday. The firm’s 50 day moving average is $13.42 and its 200-day moving average is $14.54. GraniteShares 2x Long AMD Daily ETF has a 12-month low of $8.74 and a 12-month 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.