Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) rose 11.6% on Tuesday . The company traded as high as $67.50 and last traded at $67.08. 732,029 shares traded hands during trading, a decline of 93% from the average daily volume of 9,933,439 shares. The stock had previously closed at $60.09.
GraniteShares 2x Long AMD Daily ETF Price Performance
The business has a fifty day simple moving average of $64.42 and a 200-day simple moving average of $34.47.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AMDL. Thrive Wealth Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $238,000. Osaic Holdings Inc. grew its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares during the last quarter. Balboa Wealth Partners acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $122,000. Vestor Capital LLC increased its position in GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after acquiring an additional 6,074 shares during the period. Finally, HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at $108,000.
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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