GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 107.2% in November

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 1,170,000 shares, an increase of 107.2% from the November 15th total of 564,700 shares. Based on an average daily trading volume, of 3,285,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long AMD Daily ETF stock. Garden State Investment Advisory Services LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 40,778 shares of the company’s stock, valued at approximately $670,000. Garden State Investment Advisory Services LLC owned approximately 0.48% of GraniteShares 2x Long AMD Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AMD Daily ETF Stock Down 5.7 %

NASDAQ:AMDL opened at $8.54 on Friday. The business’s 50-day moving average price is $11.84 and its two-hundred day moving average price is $13.60. GraniteShares 2x Long AMD Daily ETF has a twelve month low of $8.25 and a twelve month high of $25.62.

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.