GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Down 6.1% – Should You Sell?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price traded down 6.1% on Monday . The company traded as low as $33.69 and last traded at $34.29. 4,169,973 shares were traded during trading, a decline of 65% from the average session volume of 11,901,183 shares. The stock had previously closed at $36.53.

GraniteShares 2x Long AMD Daily ETF Trading Up 37.0%

The stock’s fifty day moving average is $17.71 and its two-hundred day moving average is $17.56.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of large investors have recently added to or reduced their stakes in AMDL. StoneX Group Inc. bought a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $170,000. NewEdge Advisors LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $359,000. HUB Investment Partners LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $108,000. Group One Trading LLC boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% during the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares in the last quarter.

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.