GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 4.3% – Here’s What Happened

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shot up 4.3% during trading on Wednesday . The stock traded as high as $53.00 and last traded at $52.64. 543,746 shares changed hands during trading, a decline of 94% from the average daily volume of 8,855,095 shares. The stock had previously closed at $50.46.

GraniteShares 2x Long AMD Daily ETF Stock Up 1.8%

The business’s fifty day moving average price is $61.19 and its two-hundred day moving average price is $41.20.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Several large investors have recently added to or reduced their stakes in AMDL. Osaic Holdings Inc. lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the 2nd 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 during the last quarter. HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at approximately $108,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at approximately $122,000. Financial Engines Advisors L.L.C. bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at approximately $149,000. Finally, CreativeOne Wealth LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at $157,000.

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.