GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading 13.5% Higher – Still a Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shot up 13.5% during trading on Wednesday . The company traded as high as $14.42 and last traded at $14.36. 6,665,363 shares were traded during trading, a decline of 45% from the average session volume of 12,019,747 shares. The stock had previously closed at $12.65.

GraniteShares 2x Long AMD Daily ETF Price Performance

The company’s 50-day moving average price is $14.69 and its two-hundred day moving average price is $15.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares during the period. HUB Investment Partners LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $108,000. Financial Engines Advisors L.L.C. bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at $149,000. CreativeOne Wealth LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at about $157,000. Finally, Vestor Capital LLC raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after buying an additional 6,074 shares in 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.