GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Reaches New 12-Month High – Time to Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price hit a new 52-week high during mid-day trading on Saturday. The company traded as high as $87.68 and last traded at $84.54, with a volume of 2304765 shares trading hands. The stock had previously closed at $80.04.

GraniteShares 2x Long AMD Daily ETF Price Performance

The company has a fifty day moving average price of $58.18 and a 200 day moving average price of $51.15.

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

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

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.