GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 6.8% – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) rose 6.8% during mid-day trading on Tuesday . The stock traded as high as $23.52 and last traded at $23.43. Approximately 8,857,320 shares were traded during trading, a decline of 24% from the average daily volume of 11,722,330 shares. The stock had previously closed at $21.94.

GraniteShares 2x Long AMD Daily ETF Trading Up 1.1%

The company’s 50-day moving average is $14.28 and its 200-day moving average is $16.69.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several large investors have recently made changes to their positions in AMDL. Osaic Holdings Inc. boosted its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares in the last quarter. HUB Investment Partners LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at approximately $108,000. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $122,000. Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $157,000.

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.