GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Jumps 9.6% – Should You Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) rose 9.6% during trading on Tuesday. The stock traded as high as $48.88 and last traded at $47.4640. Approximately 808,884 shares were traded during trading, a decline of 89% from the average daily volume of 7,312,399 shares. The stock had previously closed at $43.29.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The business’s 50 day moving average is $64.23 and its two-hundred day moving average is $45.47.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $1,726,000. Group One Trading LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth approximately $524,000. Client First Investment Management LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $1,097,000. Simplex Trading LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $819,000. Finally, StoneX Group Inc. bought a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $688,000.

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.