Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) shot up 16.2% during mid-day trading on Monday. The stock traded as high as $44.52 and last traded at $43.7590. 2,202,125 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 7,296,093 shares. The stock had previously closed at $37.65.
GraniteShares 2x Long AMD Daily ETF Price Performance
The business’s 50-day simple moving average is $63.58 and its 200 day simple moving average is $45.63.
Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Simplex Trading LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at $819,000. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter worth $688,000. SBI Securities Co. Ltd. grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 18.3% in the third quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock worth $317,000 after acquiring an additional 621 shares during the period. Thrive Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth $238,000. Finally, Client First Investment Management LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth $1,097,000.
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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