GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) Sees Large Decline in Short Interest

GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 8,700 shares, a drop of 37.9% from the February 13th total of 14,000 shares. Based on an average daily trading volume, of 47,800 shares, the short-interest ratio is currently 0.2 days. Currently, 3.5% of the company’s stock are short sold.

Hedge Funds Weigh In On GraniteShares 1x Short AMD Daily ETF

A hedge fund recently bought a new stake in GraniteShares 1x Short AMD Daily ETF stock. Optiver Holding B.V. acquired a new position in shares of GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 122,113 shares of the company’s stock, valued at approximately $1,945,000. Optiver Holding B.V. owned about 48.85% of GraniteShares 1x Short AMD Daily ETF at the end of the most recent reporting period.

GraniteShares 1x Short AMD Daily ETF Trading Down 2.9 %

Shares of GraniteShares 1x Short AMD Daily ETF stock opened at $18.61 on Monday. The firm’s 50-day moving average is $17.05 and its two-hundred day moving average is $14.82. GraniteShares 1x Short AMD Daily ETF has a 1 year low of $10.98 and a 1 year high of $19.88.

About GraniteShares 1x Short AMD Daily ETF

The GraniteShares 1x Short AMD Daily ETF (AMDS) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of Advanced Micro Devices stock. AMDS was launched on Aug 21, 2023 and is issued by GraniteShares.