GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Up 6.1% – Time to Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price were up 6.1% during trading on Friday . The company traded as high as $16.96 and last traded at $17.0750. Approximately 2,496,428 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 25,667,854 shares. The stock had previously closed at $16.10.

GraniteShares 2x Long AMD Daily ETF Stock Up 1.4%

The business has a 50 day simple moving average of $18.50 and a 200 day simple moving average of $12.46.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its stake in GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after purchasing an additional 1,645 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 1,030.3% during the first quarter. Headlands Technologies LLC now owns 12,648 shares of the company’s stock valued at $65,000 after buying an additional 11,529 shares during the last quarter. Wealthspire Advisors LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $77,000. HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $108,000. Finally, XTX Topco Ltd purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $126,000.

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.