GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading 8.6% Higher – Should You Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) rose 8.6% on Tuesday . The stock traded as high as $78.32 and last traded at $74.07. 1,038,499 shares changed hands during trading, a decline of 90% from the average daily volume of 10,202,371 shares. The stock had previously closed at $68.21.

GraniteShares 2x Long AMD Daily ETF Trading Up 9.6%

The business has a fifty day moving average of $62.93 and a 200-day moving average of $32.80.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its holdings in 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 buying an additional 1,645 shares in the last quarter. HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $108,000. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $122,000. Financial Engines Advisors L.L.C. bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $149,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of 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.