GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Up 7.5% – Here’s What Happened

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shot up 7.5% during mid-day trading on Wednesday . The stock traded as high as $58.92 and last traded at $58.9950. 790,111 shares changed hands during trading, a decline of 90% from the average daily volume of 8,303,827 shares. The stock had previously closed at $54.88.

GraniteShares 2x Long AMD Daily ETF Stock Up 7.3%

The firm’s 50 day moving average is $55.57 and its two-hundred day moving average is $45.22.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Institutional investors have recently made changes to their positions in the stock. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $1,726,000. Group One Trading LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $524,000. Client First Investment Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $1,097,000. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth approximately $122,000. Finally, Thrive Wealth Management LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $238,000.

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.