GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Down 12.3% – Time to Sell?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares fell 12.3% during trading on Thursday . The company traded as low as $65.96 and last traded at $67.54. 1,191,324 shares traded hands during trading, a decline of 90% from the average session volume of 11,621,193 shares. The stock had previously closed at $77.00.

GraniteShares 2x Long AMD Daily ETF Trading Down 8.0%

The business’s 50-day moving average price is $36.20 and its 200 day moving average price is $22.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter worth $524,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter worth $1,726,000. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter worth $122,000. Vestor Capital LLC grew its position in GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after acquiring an additional 6,074 shares in the last quarter. Finally, UBS Group AG grew its position in GraniteShares 2x Long AMD Daily ETF by 48.1% in the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after acquiring an additional 487,097 shares in the last quarter.

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.