GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading 8.6% Higher – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price shot up 8.6% on Tuesday . The company traded as high as $78.32 and last traded at $74.07. Approximately 1,038,499 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 10,202,371 shares. The stock had previously closed at $68.21.

GraniteShares 2x Long AMD Daily ETF Price Performance

The stock has a 50 day moving average of $62.93 and a two-hundred day moving average of $32.80.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Large investors have recently made changes to their positions in the company. Client First Investment Management LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $1,097,000. Thrive Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $238,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $524,000. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter worth $1,726,000. Finally, Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at $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.