GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Down 9.6% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) shares traded down 9.6% during trading on Wednesday . The company traded as low as $62.94 and last traded at $64.66. Approximately 1,499,629 shares changed hands during trading, a decline of 85% from the average daily volume of 10,149,657 shares. The stock had previously closed at $71.49.

GraniteShares 2x Long AMD Daily ETF Price Performance

The firm’s fifty day moving average is $63.65 and its two-hundred day moving average is $33.20.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of institutional investors have recently made changes to their positions in AMDL. StoneX Group Inc. acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $170,000. NewEdge Advisors LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at about $359,000. HUB Investment Partners LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $108,000. Group One Trading LLC grew 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 acquiring an additional 537,911 shares during the period. Finally, Osaic Holdings Inc. raised its position in GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares in the last quarter.

GraniteShares 2x Long AMD Daily ETF Company Profile

(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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