GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) Sees Significant Drop in Short Interest

GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 5,700 shares, a decrease of 93.9% from the September 30th total of 94,100 shares. Based on an average daily trading volume, of 52,700 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 1x Short AMD Daily ETF Price Performance

GraniteShares 1x Short AMD Daily ETF stock traded down $0.26 during trading hours on Friday, hitting $12.56. 30,342 shares of the stock were exchanged, compared to its average volume of 50,790. GraniteShares 1x Short AMD Daily ETF has a 12 month low of $9.48 and a 12 month high of $28.32. The business’s 50-day moving average is $12.81 and its two-hundred day moving average is $13.10.

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.