GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Down 6.1% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares fell 6.1% during trading on Wednesday . The company traded as low as $62.27 and last traded at $62.85. 4,287,343 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 12,021,543 shares. The stock had previously closed at $66.90.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company has a fifty day moving average of $29.27 and a two-hundred day moving average of $20.61.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its holdings in 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 last quarter. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Vestor Capital LLC lifted its holdings in GraniteShares 2x Long AMD Daily ETF by 145.5% during the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after purchasing an additional 6,074 shares during the last quarter. HUB Investment Partners LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $108,000. Finally, Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $149,000.

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.