GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Down 34.5% in March

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 4,730,000 shares, a drop of 34.5% from the February 28th total of 7,220,000 shares. Based on an average trading volume of 14,848,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 9.9% of the shares of the company are short sold.

GraniteShares 2x Long AMD Daily ETF Price Performance

AMDL stock opened at $5.19 on Friday. The stock’s fifty day simple moving average is $6.06 and its two-hundred day simple moving average is $9.43. GraniteShares 2x Long AMD Daily ETF has a 1-year low of $4.46 and a 1-year high of $23.75.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Large investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at approximately $1,079,000. Garden State Investment Advisory Services LLC lifted its stake in GraniteShares 2x Long AMD Daily ETF by 39.3% in the third quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock valued at $863,000 after purchasing an additional 16,022 shares during the last quarter. Lauer Wealth LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the fourth quarter valued at $219,000. IMC Chicago LLC increased its position in GraniteShares 2x Long AMD Daily ETF by 212.5% in the fourth quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock worth $794,000 after buying an additional 70,491 shares during the last quarter. Finally, Matauro LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter valued at $254,000.

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.