AMDS Stock Summary and Trading Ideas (Graniteshares 1X Short Amd Daily ETF | NASDAQ:AMDS)

The GraniteShares 1x Short AMD Daily ETF is an exchange-traded fund incorporated in the USA. The ETF seeks daily investment results, before fees and expenses, of 100% of the inverse of (or opposite) the daily performance of AMD. Advanced Micro Devices, Inc (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets.

Graniteshares 1X Short Amd Daily ETF trades on the NASDAQ stock market under the symbol AMDS.

As of May 7, 2024, AMDS stock price climbed to $13.54 with 20,124 million shares trading.

AMDS has a beta of -2.55, meaning it tends to be less sensitive to market movements. AMDS has a correlation of 0.42 to the broad based SPY ETF.

AMDS has a market cap of $1.76 million. This is considered a Sub-Micro Cap stock.

AMDS support price is $12.96 and resistance is $13.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMDS stock will trade within this expected range on the day.