GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 7.9% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) rose 7.9% during trading on Monday . The stock traded as high as $61.60 and last traded at $60.57. Approximately 1,428,663 shares were traded during trading, a decline of 88% from the average daily volume of 11,518,885 shares. The stock had previously closed at $56.12.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm’s 50 day simple moving average is $38.21 and its 200 day simple moving average is $23.27.

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

Institutional investors have recently modified their holdings of the stock. Group One Trading LLC raised its position 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 valued at $6,328,000 after acquiring an additional 537,911 shares in the last quarter. UBS Group AG raised its position in GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after acquiring an additional 487,097 shares in the last quarter. IMC Chicago LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $1,726,000. NewEdge Advisors LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $359,000. Finally, Flow Traders U.S. LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at approximately $276,000.

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.