GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Up 15.5% – Here’s What Happened

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) shot up 15.5% during mid-day trading on Monday . The company traded as high as $75.33 and last traded at $75.25. 992,038 shares changed hands during trading, a decline of 91% from the average session volume of 10,512,751 shares. The stock had previously closed at $65.15.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company’s 50 day moving average is $59.93 and its 200 day moving average is $31.27.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. UBS Group AG lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after buying an additional 487,097 shares during the period. Group One Trading LLC raised its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after acquiring an additional 537,911 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth approximately $1,726,000. NewEdge Advisors LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $359,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $276,000.

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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