GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 7.9% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price rose 7.9% on Monday . The stock traded as high as $61.60 and last traded at $60.57. Approximately 1,428,663 shares changed hands during trading, a decline of 88% from the average daily volume of 11,518,885 shares. The stock had previously closed at $56.12.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm’s 50-day simple moving average is $38.21 and its two-hundred day simple moving average is $23.27.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Large investors have recently bought and sold shares of the stock. UBS Group AG raised its stake in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after purchasing an additional 487,097 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $149,000. Flow Traders U.S. LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $276,000. CreativeOne Wealth LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $157,000. Finally, Group One Trading LLC raised its stake in shares of 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 worth $6,328,000 after purchasing an additional 537,911 shares during the last quarter.

About GraniteShares 2x Long AMD Daily ETF

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.