GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s stock price traded up 6.8% during trading on Tuesday. The company traded as high as $62.82 and last traded at $61.5970. Approximately 589,404 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 7,439,932 shares. The stock had previously closed at $57.70.
GraniteShares 2x Long AMD Daily ETF Trading Up 11.0%
The firm’s 50-day moving average price is $63.56 and its 200-day moving average price is $44.08.
Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. raised its position in GraniteShares 2x Long AMD Daily ETF by 18.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock worth $317,000 after purchasing an additional 621 shares during the period. Thrive Wealth Management LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $238,000. Client First Investment Management LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $1,097,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $524,000. Finally, IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $1,726,000.
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.
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