Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) dropped 6.5% during trading on Friday . The company traded as low as $63.89 and last traded at $63.89. Approximately 614,927 shares were traded during trading, a decline of 94% from the average daily volume of 9,783,022 shares. The stock had previously closed at $68.31.
GraniteShares 2x Long AMD Daily ETF Stock Down 0.2%
The business’s 50 day simple moving average is $65.38 and its two-hundred day simple moving average is $35.61.
Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Group One Trading LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $524,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $1,726,000. Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $122,000. UBS Group AG grew its holdings in GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after buying an additional 487,097 shares in the last quarter. Finally, StoneX Group Inc. purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $170,000.
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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