GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 1-Year High – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $78.83 and last traded at $78.29, with a volume of 2310143 shares traded. The stock had previously closed at $71.80.

GraniteShares 2x Long AMD Daily ETF Price Performance

The business’s 50 day simple moving average is $54.60 and its 200 day simple moving average is $28.94.

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

Several hedge funds have recently bought and sold shares of AMDL. Group One Trading LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the first quarter worth about $524,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $1,726,000. Balboa Wealth Partners bought a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $122,000. Vestor Capital LLC lifted its position in shares of 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 buying an additional 6,074 shares during the last quarter. Finally, UBS Group AG lifted its position 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 valued at $23,325,000 after buying an additional 487,097 shares during 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.