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

GraniteShares 1x Short AMD Daily ETF (NASDAQ:AMDS) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,200 shares, a decline of 95.3% from the December 31st total of 25,600 shares. Based on an average trading volume of 45,600 shares, the days-to-cover ratio is currently 0.0 days.

GraniteShares 1x Short AMD Daily ETF Stock Performance

NASDAQ:AMDS traded up $0.39 during mid-day trading on Friday, hitting $16.42. The company’s stock had a trading volume of 29,855 shares, compared to its average volume of 41,862. GraniteShares 1x Short AMD Daily ETF has a fifty-two week low of $9.48 and a fifty-two week high of $16.85. The stock has a fifty day moving average of $15.26 and a 200-day moving average of $13.96.

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.