GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Up 8% – Should You Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report)’s share price shot up 8% on Monday . The stock traded as high as $15.78 and last traded at $15.6420. 3,246,842 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 26,202,100 shares. The stock had previously closed at $14.48.

GraniteShares 2x Long AMD Daily ETF Price Performance

The business has a fifty day moving average of $17.44 and a 200 day moving average of $11.89.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC boosted its stake in GraniteShares 2x Long AMD Daily ETF by 261.5% during the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares during the period. UBS Group AG lifted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 57.0% in the 3rd quarter. UBS Group AG now owns 1,012,903 shares of the company’s stock worth $10,463,000 after acquiring an additional 367,782 shares during the last quarter. Simplex Trading LLC increased its holdings in GraniteShares 2x Long AMD Daily ETF by 204.2% in the 2nd quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock valued at $3,588,000 after purchasing an additional 283,100 shares during the last quarter. GatePass Capital LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $426,000. Finally, NewEdge Advisors LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at approximately $359,000.

About GraniteShares 2x Long AMD Daily ETF

(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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