GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s share price fell 9% during trading on Thursday . The company traded as low as $64.73 and last traded at $65.00. 1,414,547 shares traded hands during trading, a decline of 87% from the average session volume of 10,575,305 shares. The stock had previously closed at $71.42.
GraniteShares 2x Long AMD Daily ETF Stock Down 10.7%
The stock’s fifty day simple moving average is $56.79 and its 200-day simple moving average is $29.79.
Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF
Several institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. boosted its position in GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares during the last quarter. Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $122,000. Vestor Capital LLC boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% during the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after purchasing an additional 6,074 shares during the last quarter. HUB Investment Partners LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $108,000. Finally, 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.
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.
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