GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading 12.6% Higher – Time to Buy?

by · The Cerbat Gem

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) traded up 12.6% during trading on Tuesday . The company traded as high as $65.37 and last traded at $65.20. 5,871,274 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 12,088,939 shares. The stock had previously closed at $57.88.

GraniteShares 2x Long AMD Daily ETF Price Performance

The business’s 50 day simple moving average is $31.51 and its 200 day simple moving average is $21.28.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the second 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 last quarter. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at approximately $108,000. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $122,000. Financial Engines Advisors L.L.C. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth about $157,000.

About GraniteShares 2x Long AMD Daily ETF

(Get Free Report)

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.

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