GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 1-Year High – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price reached a new 52-week high on Tuesday . The company traded as high as $78.83 and last traded at $78.29, with a volume of 2310143 shares trading hands. The stock had previously closed at $71.80.

GraniteShares 2x Long AMD Daily ETF Price Performance

The firm’s 50 day simple moving average is $54.60 and its 200-day simple moving average is $28.94.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in 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 purchasing an additional 1,645 shares in the last quarter. Balboa Wealth Partners bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Vestor Capital LLC boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th 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 during the last quarter. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $108,000. Finally, Financial Engines Advisors L.L.C. bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $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.