GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading Up 6.1% – Time to Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shot up 6.1% on Friday . The company traded as high as $16.96 and last traded at $17.0750. 2,496,428 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 25,667,854 shares. The stock had previously closed at $16.10.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm has a 50-day moving average price of $18.50 and a two-hundred day moving average price of $12.46.

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

Large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares during the period. Headlands Technologies LLC grew its stake in GraniteShares 2x Long AMD Daily ETF by 1,030.3% in the first quarter. Headlands Technologies LLC now owns 12,648 shares of the company’s stock worth $65,000 after purchasing an additional 11,529 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $77,000. HUB Investment Partners LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at $108,000. Finally, XTX Topco Ltd bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $126,000.

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.