GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 16.2% – Time to Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price shot up 16.2% during trading on Monday. The company traded as high as $44.52 and last traded at $43.7590. Approximately 2,202,125 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 7,296,093 shares. The stock had previously closed at $37.65.

GraniteShares 2x Long AMD Daily ETF Stock Up 21.9%

The company has a 50 day moving average price of $63.58 and a two-hundred day moving average price of $45.63.

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

Several institutional investors have recently modified their holdings of the business. IMC Chicago LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $1,726,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $524,000. Client First Investment Management LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at about $1,097,000. Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at about $819,000. Finally, StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at about $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.