GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Down 12.8% – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares dropped 12.8% during mid-day trading on Tuesday . The stock traded as low as $41.17 and last traded at $41.27. Approximately 3,113,505 shares were traded during trading, a decline of 75% from the average daily volume of 12,251,074 shares. The stock had previously closed at $47.33.

GraniteShares 2x Long AMD Daily ETF Stock Up 1.0%

The business’s fifty day moving average is $24.01 and its two-hundred day moving average is $19.26.

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

Several institutional investors have recently modified their holdings of AMDL. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $524,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $1,726,000. Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $122,000. Vestor Capital LLC raised its position in GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after purchasing an additional 6,074 shares in the last quarter. Finally, UBS Group AG raised its position in GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after purchasing an additional 487,097 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.