GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Sets New 1-Year High – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) hit a new 52-week high during trading on Friday . The stock traded as high as $61.22 and last traded at $59.70, with a volume of 1731515 shares. The stock had previously closed at $53.62.

GraniteShares 2x Long AMD Daily ETF Trading Up 9.7%

The company has a 50-day moving average price of $26.34 and a two-hundred day moving average price of $19.82.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in 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 valued at $52,000 after purchasing an additional 1,645 shares during the period. Vestor Capital LLC increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after purchasing an additional 6,074 shares during the period. Balboa Wealth Partners purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter worth $122,000. HUB Investment Partners LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at $108,000. Finally, Financial Engines Advisors L.L.C. bought a new stake in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at $149,000.

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.