GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 52-Week High – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price reached a new 52-week high on Monday . The stock traded as high as $78.71 and last traded at $74.50, with a volume of 1592157 shares trading hands. The stock had previously closed at $71.82.

GraniteShares 2x Long AMD Daily ETF Stock Down 11.5%

The firm’s 50 day moving average price is $50.66 and its two-hundred day moving average price is $27.47.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Group One Trading LLC boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% in the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after purchasing an additional 537,911 shares during the period. UBS Group AG increased its holdings in GraniteShares 2x Long AMD Daily ETF by 48.1% during the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after purchasing an additional 487,097 shares during the period. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $1,726,000. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $359,000. Finally, Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at about $276,000.

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.