GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Down 6.6% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) fell 6.6% on Tuesday . The stock traded as low as $15.78 and last traded at $15.4350. 3,985,523 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 7,803,523 shares. The stock had previously closed at $16.53.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The business has a 50 day moving average of $17.45 and a 200-day moving average of $14.13.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Several hedge funds have recently bought and sold shares of the company. Financial Engines Advisors L.L.C. purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $149,000. Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter worth $276,000. UBS Group AG boosted its stake in GraniteShares 2x Long AMD Daily ETF by 57.0% during the third quarter. UBS Group AG now owns 1,012,903 shares of the company’s stock valued at $10,463,000 after buying an additional 367,782 shares during the period. CreativeOne Wealth LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at $157,000. Finally, GatePass Capital LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $426,000.

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.