GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Down 6.5% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price traded down 6.5% during mid-day trading on Tuesday . The stock traded as low as $44.94 and last traded at $45.27. Approximately 448,128 shares traded hands during trading, a decline of 95% from the average session volume of 8,679,929 shares. The stock had previously closed at $48.41.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company has a 50-day simple moving average of $59.43 and a two-hundred day simple moving average of $42.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. StoneX Group Inc. bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $170,000. NewEdge Advisors LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth $359,000. HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at $108,000. Group One Trading LLC boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd 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 during the period. Finally, Osaic Holdings Inc. raised its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares during the period.

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.