GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) dropped 7.5% during trading on Thursday . The stock traded as low as $15.17 and last traded at $15.6190. Approximately 3,538,795 shares changed hands during trading, a decline of 86% from the average daily volume of 25,371,254 shares. The stock had previously closed at $16.88.
GraniteShares 2x Long AMD Daily ETF Trading Down 9.6%
The business has a 50-day moving average price of $19.22 and a two-hundred day moving average price of $12.92.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its position 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 acquiring an additional 1,645 shares during the period. SBI Securities Co. Ltd. grew its holdings in GraniteShares 2x Long AMD Daily ETF by 47.8% in the second quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock worth $127,000 after purchasing an additional 4,840 shares during the period. HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $108,000. Financial Engines Advisors L.L.C. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter valued at approximately $149,000. Finally, CreativeOne Wealth LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $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.
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