GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 12-Month High – What’s Next?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $78.71 and last traded at $74.50, with a volume of 1592157 shares traded. The stock had previously closed at $71.82.

GraniteShares 2x Long AMD Daily ETF Stock Up 2.5%

The firm has a fifty day moving average price of $48.49 and a 200 day moving average price of $26.69.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AMDL. StoneX Group Inc. acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth $170,000. NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at about $359,000. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at about $108,000. Group One Trading LLC boosted its holdings 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 in the last quarter. Finally, Osaic Holdings Inc. grew its position in GraniteShares 2x Long AMD Daily ETF by 36.6% during the second 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 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.