GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Up 6.9% – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) rose 6.9% during trading on Friday . The stock traded as high as $56.08 and last traded at $55.81. 691,370 shares traded hands during trading, a decline of 92% from the average session volume of 9,200,634 shares. The stock had previously closed at $52.19.

GraniteShares 2x Long AMD Daily ETF Price Performance

The stock has a 50 day simple moving average of $62.86 and a two-hundred day simple moving average of $39.39.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrive Wealth Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $238,000. Osaic Holdings Inc. raised its position in GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares in the last quarter. Balboa Wealth Partners bought a new stake in GraniteShares 2x Long AMD Daily ETF during the first quarter worth $122,000. Vestor Capital LLC lifted its stake in 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 acquiring an additional 6,074 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $108,000.

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.