GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Down 6.5% – Should You Sell?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price dropped 6.5% on Tuesday . The stock traded as low as $44.94 and last traded at $45.27. 448,128 shares were traded during mid-day trading, a decline of 95% from the average session volume of 8,679,929 shares. The stock had previously closed at $48.41.

GraniteShares 2x Long AMD Daily ETF Stock Down 6.1%

The company has a 50 day moving average price of $59.43 and a 200-day moving average price of $42.20.

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

Several large investors have recently modified their holdings of AMDL. Osaic Holdings Inc. lifted its position in shares of 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 valued at $52,000 after buying an additional 1,645 shares in the last quarter. HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $108,000. Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth 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 $149,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at $157,000.

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.