GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) fell 6.1% on Wednesday . The company traded as low as $62.27 and last traded at $62.85. 4,287,343 shares traded 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’s 50 day simple moving average is $31.51 and its two-hundred day simple moving average is $21.28.
Institutional Trading of GraniteShares 2x Long AMD Daily ETF
Several large investors have recently added to or reduced their stakes in AMDL. Group One Trading LLC grew its stake in GraniteShares 2x Long AMD Daily ETF by 261.5% during the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares during the last quarter. UBS Group AG lifted its position in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after purchasing an additional 487,097 shares in the last quarter. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth approximately $1,726,000. NewEdge Advisors LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $359,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth approximately $276,000.
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.
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