GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Down 6.6% – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) traded down 6.6% during trading on Tuesday . The stock traded as low as $15.78 and last traded at $15.4350. 3,985,523 shares were traded during trading, a decline of 49% from the average session volume of 7,803,523 shares. The stock had previously closed at $16.53.

GraniteShares 2x Long AMD Daily ETF Trading Down 6.8%

The firm has a fifty day simple moving average of $17.83 and a 200-day simple moving average of $14.07.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Engines Advisors L.L.C. acquired a new position in GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $149,000. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth about $276,000. UBS Group AG raised its stake in shares of GraniteShares 2x Long AMD Daily ETF by 57.0% during the third quarter. UBS Group AG now owns 1,012,903 shares of the company’s stock valued at $10,463,000 after purchasing an additional 367,782 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth approximately $157,000. Finally, GatePass Capital LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at about $426,000.

GraniteShares 2x Long AMD Daily ETF Company Profile

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.