GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 12.6% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) rose 12.6% during trading on Friday . The company traded as high as $51.13 and last traded at $51.13. Approximately 3,582,906 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 12,405,160 shares. The stock had previously closed at $45.39.

GraniteShares 2x Long AMD Daily ETF Price Performance

The stock’s 50-day moving average is $18.34 and its 200 day moving average is $17.74.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. grew 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 valued at $52,000 after buying an additional 1,645 shares during the last quarter. HUB Investment Partners LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $108,000. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $122,000. Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $157,000.

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.