GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) shares were up 12.6% during trading on Tuesday . The company traded as high as $65.37 and last traded at $65.20. Approximately 5,871,274 shares traded hands during trading, a decline of 51% from the average daily volume of 12,088,939 shares. The stock had previously closed at $57.88.
GraniteShares 2x Long AMD Daily ETF Stock Performance
The stock has a 50 day simple moving average of $28.16 and a 200 day simple moving average of $20.30.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $524,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $1,726,000. Balboa Wealth Partners acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $122,000. Vestor Capital LLC lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% during the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after purchasing an additional 6,074 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the fourth 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 in the last quarter.
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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