GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s share price fell 6.3% during trading on Monday . The company traded as low as $21.03 and last traded at $20.9580. 3,488,776 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 11,457,827 shares. The stock had previously closed at $22.37.
GraniteShares 2x Long AMD Daily ETF Price Performance
The firm’s 50-day moving average is $16.36 and its 200 day moving average is $14.98.
Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF
Several hedge funds have recently made changes to their positions in AMDL. GatePass Capital LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $426,000. Simplex Trading LLC lifted its position in GraniteShares 2x Long AMD Daily ETF by 204.2% during the 2nd quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock worth $3,588,000 after acquiring an additional 283,100 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of GraniteShares 2x Long AMD Daily ETF by 47.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock valued at $127,000 after purchasing an additional 4,840 shares during the last quarter. HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at approximately $108,000. Finally, Financial Engines Advisors L.L.C. purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth approximately $149,000.
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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