GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Up 6.9% – Time to Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price traded up 6.9% on Friday . The company traded as high as $48.06 and last traded at $48.6850. Approximately 528,253 shares were traded during trading, a decline of 94% from the average daily volume of 8,548,571 shares. The stock had previously closed at $45.56.

GraniteShares 2x Long AMD Daily ETF Trading Up 6.1%

The company’s 50-day moving average is $58.10 and its 200-day moving average is $42.88.

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

A number of large investors have recently modified their holdings of AMDL. UBS Group AG increased its stake in shares of 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 valued at $23,325,000 after purchasing an additional 487,097 shares during the last quarter. Group One Trading LLC grew its position 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 acquiring an additional 537,911 shares during the last quarter. IMC Chicago LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at about $1,726,000. NewEdge Advisors LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $359,000. Finally, Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $276,000.

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.