GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading 16.5% Higher – Should You Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report)’s stock price traded up 16.5% during trading on Wednesday . The company traded as high as $20.46 and last traded at $20.9620. 9,311,508 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 10,774,098 shares. The stock had previously closed at $17.99.

GraniteShares 2x Long AMD Daily ETF Price Performance

The company has a 50-day moving average of $16.40 and a 200 day moving average of $14.69.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its stake 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 during the period. HUB Investment Partners LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $108,000. Financial Engines Advisors L.L.C. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth about $149,000. SBI Securities Co. Ltd. grew its holdings in GraniteShares 2x Long AMD Daily ETF by 47.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock valued at $127,000 after purchasing an additional 4,840 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $157,000.

GraniteShares 2x Long AMD Daily ETF Company Profile

(Get Free Report)

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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