GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Up 7.7% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price rose 7.7% on Wednesday. The company traded as high as $63.96 and last traded at $63.8180. Approximately 1,615,003 shares traded hands during trading, a decline of 79% from the average daily volume of 7,555,575 shares. The stock had previously closed at $59.27.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm’s 50 day moving average price is $63.25 and its two-hundred day moving average price is $56.30.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Thrive Wealth Management LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $238,000. Client First Investment Management LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $1,097,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $524,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $1,726,000. Finally, Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $122,000.

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.