GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Down 7.2% – Here’s What Happened

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) fell 7.2% during trading on Friday . The stock traded as low as $62.37 and last traded at $65.09. 579,328 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 10,775,095 shares. The stock had previously closed at $70.17.

GraniteShares 2x Long AMD Daily ETF Trading Down 6.2%

The business has a 50 day simple moving average of $52.66 and a two-hundred day simple moving average of $28.20.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its stake in GraniteShares 2x Long AMD Daily ETF by 36.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the last quarter. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth approximately $108,000. Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $122,000. Financial Engines Advisors L.L.C. acquired a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter worth approximately $149,000. Finally, CreativeOne Wealth LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter worth approximately $157,000.

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.