GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s share price were down 12.3% on Thursday . The stock traded as low as $65.96 and last traded at $67.54. Approximately 1,191,324 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 11,621,193 shares. The stock had previously closed at $77.00.
GraniteShares 2x Long AMD Daily ETF Price Performance
The firm’s 50 day simple moving average is $36.20 and its two-hundred day simple moving average is $22.66.
Institutional Trading of GraniteShares 2x Long AMD Daily ETF
Several hedge funds have recently added to or reduced their stakes in AMDL. Group One Trading LLC raised its stake in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% during the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after acquiring an additional 537,911 shares during the last quarter. UBS Group AG raised its stake in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after acquiring an additional 487,097 shares during the last quarter. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at about $1,726,000. NewEdge Advisors LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at about $359,000. Finally, Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter valued at about $276,000.
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.
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