GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 1-Year High – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $78.30 and last traded at $75.30, with a volume of 4786437 shares changing hands. The stock had previously closed at $66.14.

GraniteShares 2x Long AMD Daily ETF Price Performance

The stock has a 50 day moving average of $44.18 and a 200-day moving average of $25.22.

Hedge Funds 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 company. Group One Trading LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $524,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $1,726,000. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $122,000. Vestor Capital LLC raised its stake 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 worth $159,000 after acquiring an additional 6,074 shares during the last quarter. Finally, UBS Group AG raised its stake in GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after acquiring an additional 487,097 shares during the last quarter.

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.