GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Down 91.5% in December

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 310,500 shares, a decrease of 91.5% from the December 15th total of 3,650,000 shares. Based on an average daily volume of 6,234,600 shares, the short-interest ratio is currently 0.0 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. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 70,996 shares of the company’s stock, valued at approximately $1,079,000. Flow Traders U.S. LLC owned about 0.45% of GraniteShares 2x Long AMD Daily ETF as of its most recent filing with the Securities and Exchange Commission.

GraniteShares 2x Long AMD Daily ETF Price Performance

AMDL stock traded down $0.09 during midday trading on Monday, hitting $6.91. 4,183,966 shares of the company’s stock were exchanged, compared to its average volume of 11,752,699. The firm has a 50 day moving average price of $9.43 and a 200-day moving average price of $12.36. GraniteShares 2x Long AMD Daily ETF has a 12-month low of $6.80 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.