GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Reaches New 12-Month High – Should You Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $59.18 and last traded at $56.59, with a volume of 16000223 shares. The stock had previously closed at $55.74.

GraniteShares 2x Long AMD Daily ETF Price Performance

The stock’s 50-day moving average price is $21.72 and its 200-day moving average price is $18.71.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the last quarter. HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $108,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth about $122,000. Financial Engines Advisors L.L.C. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth about $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth about $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.