GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 7.5% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) shares rose 7.5% during mid-day trading on Wednesday . The company traded as high as $58.92 and last traded at $58.9950. Approximately 790,111 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 8,303,827 shares. The stock had previously closed at $54.88.

GraniteShares 2x Long AMD Daily ETF Trading Up 12.3%

The business’s fifty day moving average is $55.25 and its 200 day moving average is $45.89.

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

A number of hedge funds and other institutional investors have recently modified their holdings of AMDL. IMC Chicago LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $1,726,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the first quarter worth $524,000. Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the first quarter worth $122,000. Client First Investment Management LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth $1,097,000. Finally, Thrive Wealth Management LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $238,000.

GraniteShares 2x Long AMD Daily ETF Company Profile

(Get Free Report)

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.

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