GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Reaches New 52-Week High – What’s Next?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) reached a new 52-week high on Wednesday . The stock traded as high as $50.24 and last traded at $49.63, with a volume of 11876620 shares changing hands. The stock had previously closed at $35.34.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The stock has a fifty day simple moving average of $18.34 and a 200-day simple moving average of $17.74.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% in the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after acquiring an additional 537,911 shares in the last quarter. UBS Group AG grew its position in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after purchasing an additional 487,097 shares during the period. IMC Chicago LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $1,726,000. NewEdge Advisors LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at approximately $359,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth $276,000.

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.