GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Short Interest Up 83.2% in February

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,269,529 shares, a growth of 83.2% from the February 12th total of 3,421,416 shares. Approximately 17.8% of the shares of the stock are sold short. Based on an average trading volume of 8,846,629 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 8,846,629 shares, the days-to-cover ratio is presently 0.7 days. Approximately 17.8% of the shares of the stock are sold short.

GraniteShares 2x Long AMD Daily ETF Stock Performance

Shares of AMDL opened at $11.26 on Friday. The company’s fifty day moving average is $15.10 and its 200 day moving average is $15.59. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $2.77 and a fifty-two week high of $25.86.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 47.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock worth $127,000 after buying an additional 4,840 shares during the last quarter. StoneX Group Inc. purchased a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter worth about $170,000. NewEdge Advisors LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter worth about $359,000. HUB Investment Partners LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $108,000. Finally, Group One Trading LLC increased its stake in GraniteShares 2x Long AMD Daily ETF by 261.5% during the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after acquiring an additional 537,911 shares during the last quarter.

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.