Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $73.94, but opened at $69.80. GraniteShares 2x Long AMD Daily ETF shares last traded at $72.8320, with a volume of 445,094 shares traded.
GraniteShares 2x Long AMD Daily ETF Stock Down 3.0%
The stock’s 50-day moving average price is $61.91 and its 200 day moving average price is $54.10.
Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMDL. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $1,726,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $524,000. Client First Investment Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $1,097,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $122,000. Finally, Thrive Wealth Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $238,000.
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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