GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Down 6.1% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares were down 6.1% on Monday. The company traded as low as $78.28 and last traded at $79.0430. Approximately 402,158 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 8,065,369 shares. The stock had previously closed at $84.22.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company has a 50-day simple moving average of $56.85 and a 200-day simple moving average of $48.75.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of AMDL. Thrive Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth $238,000. Client First Investment Management LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $1,097,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $524,000. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at about $1,726,000. Finally, Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $122,000.

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.