GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading 6.8% Higher – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares traded up 6.8% on Tuesday . The stock traded as high as $23.52 and last traded at $23.43. 8,857,320 shares were traded during mid-day trading, a decline of 24% from the average session volume of 11,722,330 shares. The stock had previously closed at $21.94.

GraniteShares 2x Long AMD Daily ETF Stock Up 6.8%

The company’s fifty day simple moving average is $13.85 and its two-hundred day simple moving average is $16.53.

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

Several hedge funds have recently bought and sold shares of AMDL. Osaic Holdings Inc. raised its holdings in 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 worth $52,000 after purchasing an additional 1,645 shares during the period. HUB Investment Partners LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter worth $108,000. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter worth $122,000. Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth $157,000.

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.