GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s stock price shot up 8.6% during mid-day trading on Tuesday . The stock traded as high as $78.32 and last traded at $74.07. 1,038,499 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 10,202,371 shares. The stock had previously closed at $68.21.
GraniteShares 2x Long AMD Daily ETF Stock Performance
The stock has a 50 day simple moving average of $64.02 and a 200-day simple moving average of $33.56.
Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF
A number of hedge funds have recently modified their holdings of AMDL. Group One Trading LLC increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% in the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after purchasing an additional 537,911 shares in the last quarter. UBS Group AG lifted its stake in shares of 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 buying an additional 487,097 shares in the last quarter. IMC Chicago LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $1,726,000. NewEdge Advisors LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth $359,000. Finally, Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth $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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