GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Climb 6.8% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares rose 6.8% during mid-day trading on Tuesday. The company traded as high as $62.82 and last traded at $61.5970. Approximately 589,404 shares traded hands during trading, a decline of 92% from the average daily volume of 7,439,932 shares. The stock had previously closed at $57.70.

GraniteShares 2x Long AMD Daily ETF Price Performance

The company has a 50-day simple moving average of $63.56 and a 200 day simple moving average of $44.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth about $1,726,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $524,000. Client First Investment Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $1,097,000. SBI Securities Co. Ltd. grew its stake in GraniteShares 2x Long AMD Daily ETF by 18.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock worth $317,000 after acquiring an additional 621 shares in the last quarter. Finally, Thrive Wealth Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $238,000.

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.