GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 52-Week High – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) hit a new 52-week high during trading on Friday . The stock traded as high as $61.22 and last traded at $59.70, with a volume of 1731515 shares traded. The stock had previously closed at $53.62.

GraniteShares 2x Long AMD Daily ETF Price Performance

The company’s 50-day moving average is $26.34 and its two-hundred day moving average is $19.82.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several institutional investors and hedge funds have recently made changes to their positions in AMDL. UBS Group AG lifted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% during the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after acquiring an additional 487,097 shares during the last quarter. Group One Trading LLC increased its stake in GraniteShares 2x Long AMD Daily ETF by 261.5% in the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after acquiring an additional 537,911 shares during the last quarter. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the first quarter valued at about $1,726,000. NewEdge Advisors LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at about $359,000. Finally, Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $276,000.

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.