GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 310,500 shares, a decrease of 91.5% from the December 31st total of 3,650,000 shares. Based on an average daily volume of 6,234,600 shares, the days-to-cover ratio is currently 0.0 days.
GraniteShares 2x Long AMD Daily ETF Stock Down 1.5 %
Shares of GraniteShares 2x Long AMD Daily ETF stock opened at $6.70 on Wednesday. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $6.52 and a 12 month high of $25.62. The stock’s fifty day simple moving average is $8.65 and its 200 day simple moving average is $11.55.
Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF
Several hedge funds have recently modified their holdings of the stock. Garden State Investment Advisory Services LLC grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 39.3% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock valued at $863,000 after acquiring an additional 16,022 shares in the last quarter. Lauer Wealth LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the fourth quarter worth about $219,000. IMC Chicago LLC grew its holdings in GraniteShares 2x Long AMD Daily ETF by 212.5% during the fourth quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock worth $794,000 after purchasing an additional 70,491 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $1,079,000.
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.
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