GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Down 6.1% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price dropped 6.1% on Wednesday . The stock traded as low as $62.27 and last traded at $62.85. Approximately 4,287,343 shares changed hands during trading, a decline of 64% from the average daily volume of 12,021,543 shares. The stock had previously closed at $66.90.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company has a fifty day moving average of $29.27 and a two-hundred day moving average of $20.61.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after acquiring an additional 1,645 shares in the last quarter. Vestor Capital LLC raised its holdings in GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after acquiring an additional 6,074 shares in the last quarter. Balboa Wealth Partners acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $122,000. HUB Investment Partners LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $108,000. Finally, Financial Engines Advisors L.L.C. acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at $149,000.

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.