GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 52-Week High – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price hit a new 52-week high on Thursday . The company traded as high as $35.41 and last traded at $35.37, with a volume of 12940361 shares changing hands. The stock had previously closed at $32.11.

GraniteShares 2x Long AMD Daily ETF Stock Up 9.9%

The stock has a 50 day moving average price of $16.08 and a two-hundred day moving average price of $17.13.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares in the last quarter. Vestor Capital LLC increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after buying an additional 6,074 shares in the last quarter. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $122,000. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $108,000. Finally, Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $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.