GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 4,730,000 shares, a decline of 34.5% from the February 28th total of 7,220,000 shares. Approximately 9.9% of the company’s shares are sold short. Based on an average daily volume of 14,848,500 shares, the days-to-cover ratio is currently 0.3 days.
GraniteShares 2x Long AMD Daily ETF Stock Down 6.5 %
AMDL stock opened at $5.19 on Friday. GraniteShares 2x Long AMD Daily ETF has a one year low of $4.46 and a one year high of $23.75. The firm’s 50 day moving average price is $6.06 and its 200-day moving average price is $9.41.
Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 4th quarter worth $63,000. B. Riley Wealth Advisors Inc. purchased a new position in GraniteShares 2x Long AMD Daily ETF during the fourth quarter worth about $77,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the fourth quarter valued at about $82,000. Cresset Asset Management LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 4th quarter valued at approximately $149,000. Finally, Lauer Wealth LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 4th quarter valued at approximately $219,000.
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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