GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s share price dropped 9.6% during trading on Wednesday . The company traded as low as $62.94 and last traded at $64.66. 1,499,629 shares traded hands during trading, a decline of 85% from the average daily volume of 10,149,657 shares. The stock had previously closed at $71.49.
GraniteShares 2x Long AMD Daily ETF Trading Down 10.8%
The firm has a 50-day moving average of $64.30 and a two-hundred day moving average of $33.86.
Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF
Hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after purchasing an additional 1,645 shares during the last quarter. Thrive Wealth Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $238,000. Vestor Capital LLC boosted 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 valued at $159,000 after buying an additional 6,074 shares in the last quarter. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $122,000. Finally, HUB Investment Partners LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth $108,000.
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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