GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 52-Week High – Here’s What Happened

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) hit a new 52-week high during trading on Thursday . The company traded as high as $35.41 and last traded at $35.37, with a volume of 12940361 shares traded. The stock had previously closed at $32.11.

GraniteShares 2x Long AMD Daily ETF Stock Up 9.9%

The stock has a 50-day moving average of $16.08 and a 200 day moving average of $17.13.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter worth about $122,000. Vestor Capital LLC increased its position 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 worth $159,000 after purchasing an additional 6,074 shares during the period. UBS Group AG increased its position in 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 purchasing an additional 487,097 shares during the period. Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $149,000. Finally, Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth about $276,000.

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.