GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 11.6% – Time to Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) traded up 11.6% during trading on Tuesday . The stock traded as high as $67.50 and last traded at $67.08. Approximately 732,029 shares traded hands during trading, a decline of 93% from the average daily volume of 9,933,439 shares. The stock had previously closed at $60.09.

GraniteShares 2x Long AMD Daily ETF Stock Up 12.0%

The business’s fifty day moving average price is $64.42 and its 200 day moving average price is $34.47.

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

Institutional investors have recently added to or reduced their stakes in the stock. StoneX Group Inc. bought a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $170,000. NewEdge Advisors LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth $359,000. HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth $108,000. Group One Trading LLC increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% during the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of 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 during the last quarter.

About GraniteShares 2x Long AMD Daily ETF

(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.

Further Reading

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