GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $69.92, but opened at $65.60. GraniteShares 2x Long AMD Daily ETF shares last traded at $62.26, with a volume of 2,220,109 shares.
GraniteShares 2x Long AMD Daily ETF Trading Down 2.8%
The business has a 50-day simple moving average of $32.67 and a 200-day simple moving average of $21.62.
Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF
A number of institutional investors have recently added to or reduced their stakes in AMDL. UBS Group AG raised its stake 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 purchasing an additional 487,097 shares during the period. Financial Engines Advisors L.L.C. purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at approximately $149,000. Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at $276,000. CreativeOne Wealth LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $157,000. Finally, Group One Trading LLC increased its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% during the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after purchasing an additional 537,911 shares during the period.
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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