GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading 10.8% Higher – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares rose 10.8% during trading on Friday . The company traded as high as $15.16 and last traded at $15.2750. Approximately 2,281,503 shares were traded during trading, a decline of 91% from the average daily volume of 24,911,480 shares. The stock had previously closed at $13.79.

GraniteShares 2x Long AMD Daily ETF Trading Up 11.8%

The stock has a fifty day moving average of $18.88 and a 200-day moving average of $13.16.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Group One Trading LLC grew its stake in GraniteShares 2x Long AMD Daily ETF by 261.5% in the second 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 in the last quarter. UBS Group AG lifted its stake in GraniteShares 2x Long AMD Daily ETF by 57.0% in the third quarter. UBS Group AG now owns 1,012,903 shares of the company’s stock worth $10,463,000 after acquiring an additional 367,782 shares during the period. Simplex Trading LLC increased its position in GraniteShares 2x Long AMD Daily ETF by 204.2% during the 2nd quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock valued at $3,588,000 after purchasing an additional 283,100 shares during the period. GatePass Capital LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $426,000. Finally, NewEdge Advisors LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $359,000.

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.