GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Climb 16.2% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shot up 16.2% on Monday. The company traded as high as $44.52 and last traded at $43.7590. 2,202,125 shares traded hands during trading, a decline of 70% from the average session volume of 7,296,093 shares. The stock had previously closed at $37.65.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company’s 50 day simple moving average is $63.60 and its two-hundred day simple moving average is $45.91.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several hedge funds have recently modified their holdings of AMDL. Client First Investment Management LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $1,097,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $1,726,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $524,000. Thrive Wealth Management LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $238,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 18.3% during the third quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock worth $317,000 after buying an additional 621 shares during the period.

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.