GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 11.2% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) shares rose 11.2% during trading on Thursday . The company traded as high as $18.50 and last traded at $18.62. Approximately 4,817,820 shares traded hands during trading, a decline of 49% from the average daily volume of 9,454,229 shares. The stock had previously closed at $16.75.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The business has a 50 day moving average of $16.60 and a 200-day moving average of $14.37.

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

Institutional investors have recently bought and sold shares of the company. GatePass Capital LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $426,000. Simplex Trading LLC boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 204.2% in 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 in the last quarter. SBI Securities Co. Ltd. increased its position in GraniteShares 2x Long AMD Daily ETF by 47.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock worth $127,000 after purchasing an additional 4,840 shares during the period. Caitlin John LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $210,000. Finally, UBS Group AG raised its stake in shares of GraniteShares 2x Long AMD Daily ETF by 57.0% during the 3rd quarter. UBS Group AG now owns 1,012,903 shares of the company’s stock worth $10,463,000 after buying an additional 367,782 shares in the last quarter.

About GraniteShares 2x Long AMD Daily ETF

(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.

Further Reading

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