GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Up 7.5% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares traded up 7.5% on Wednesday . The stock traded as high as $58.92 and last traded at $58.9950. 790,111 shares changed hands during trading, a decline of 90% from the average session volume of 8,303,827 shares. The stock had previously closed at $54.88.

GraniteShares 2x Long AMD Daily ETF Price Performance

The business’s fifty day simple moving average is $55.57 and its 200-day simple moving average is $45.22.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several large investors have recently modified their holdings of the business. IMC Chicago LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at approximately $1,726,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $524,000. Client First Investment Management LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $1,097,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $122,000. Finally, Thrive Wealth Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $238,000.

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.