GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Down 6.1% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) traded down 6.1% during mid-day trading on Monday. The company traded as low as $78.28 and last traded at $79.0430. Approximately 402,158 shares changed hands during trading, a decline of 95% from the average daily volume of 8,065,369 shares. The stock had previously closed at $84.22.

GraniteShares 2x Long AMD Daily ETF Price Performance

The company has a 50-day moving average of $56.85 and a 200-day moving average of $48.75.

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

Several large investors have recently modified their holdings of AMDL. Thrive Wealth Management LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $238,000. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $122,000. Client First Investment Management LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth $1,097,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $524,000. Finally, IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at about $1,726,000.

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.