GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 52-Week High – Time to Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.30 and last traded at $75.30, with a volume of 4786437 shares changing hands. The stock had previously closed at $66.14.

GraniteShares 2x Long AMD Daily ETF Stock Up 1.9%

The business’s 50 day moving average price is $46.22 and its two-hundred day moving average price is $25.91.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after acquiring an additional 487,097 shares during the period. Group One Trading LLC lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after acquiring an additional 537,911 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $359,000. Flow Traders U.S. LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $276,000. Finally, StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $170,000.

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.