GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) rose 12.2% during trading on Tuesday . The stock traded as high as $60.37 and last traded at $59.70. 1,296,750 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 9,479,381 shares. The stock had previously closed at $53.22.
GraniteShares 2x Long AMD Daily ETF Stock Performance
The business has a 50-day moving average price of $65.51 and a two-hundred day moving average price of $37.47.
Institutional Trading of GraniteShares 2x Long AMD Daily ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG lifted its position in GraniteShares 2x Long AMD Daily ETF by 48.1% during the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after purchasing an additional 487,097 shares during the period. Group One Trading LLC grew its position in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% during the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares during the period. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth approximately $1,726,000. NewEdge Advisors LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $359,000. Finally, Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $276,000.
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.
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