GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Down 12.8% – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) were down 12.8% on Tuesday . The company traded as low as $41.17 and last traded at $41.27. Approximately 3,113,505 shares were traded during trading, a decline of 75% from the average daily volume of 12,251,074 shares. The stock had previously closed at $47.33.

GraniteShares 2x Long AMD Daily ETF Price Performance

The firm’s fifty day moving average is $24.01 and its 200-day moving average is $19.26.

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

A number of institutional investors and hedge funds have recently made changes to their positions in AMDL. Osaic Holdings Inc. boosted its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after purchasing an additional 1,645 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $108,000. Balboa Wealth Partners purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $122,000. Financial Engines Advisors L.L.C. purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at $149,000. Finally, CreativeOne Wealth LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during 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.