GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Up 11.6% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) traded up 11.6% on Tuesday . The stock traded as high as $67.50 and last traded at $67.08. 732,029 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 9,933,439 shares. The stock had previously closed at $60.09.

GraniteShares 2x Long AMD Daily ETF Stock Up 2.9%

The business has a 50 day moving average price of $65.10 and a 200-day moving average price of $35.25.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its position in GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after acquiring an additional 1,645 shares in the last quarter. HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth $108,000. Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $122,000. Financial Engines Advisors L.L.C. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at $157,000.

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.