GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Jumps 7.7% – Should You Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) were up 7.7% during mid-day trading on Wednesday. The company traded as high as $63.96 and last traded at $63.8180. Approximately 1,615,003 shares changed hands during trading, a decline of 79% from the average session volume of 7,555,575 shares. The stock had previously closed at $59.27.

GraniteShares 2x Long AMD Daily ETF Trading Up 3.7%

The stock has a fifty day moving average of $63.49 and a 200-day moving average of $56.92.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of large investors have recently made changes to their positions in the stock. Thrive Wealth Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth about $238,000. SBI Securities Co. Ltd. boosted its position in GraniteShares 2x Long AMD Daily ETF by 18.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock valued at $317,000 after buying an additional 621 shares during the period. Client First Investment Management LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $1,097,000. Group One Trading LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth about $524,000. Finally, IMC Chicago LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth about $1,726,000.

GraniteShares 2x Long AMD Daily ETF Company Profile

(Get Free Report)

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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