GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s stock price traded down 7.3% during trading on Wednesday. The company traded as low as $70.69 and last traded at $71.1040. 748,349 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 7,684,780 shares. The stock had previously closed at $76.72.
GraniteShares 2x Long AMD Daily ETF Stock Performance
The business’s 50-day moving average price is $62.75 and its 200-day moving average price is $55.31.
Institutional Trading of GraniteShares 2x Long AMD Daily ETF
Several hedge funds have recently modified their holdings of AMDL. Thrive Wealth Management LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $238,000. Client First Investment Management LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $1,097,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $524,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $1,726,000. Finally, Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $122,000.
GraniteShares 2x Long AMD Daily ETF Company Profile
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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