GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Down 13.2% – Time to Sell?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) were down 13.2% during mid-day trading on Thursday . The company traded as low as $20.85 and last traded at $20.5440. Approximately 7,779,764 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 26,836,848 shares. The stock had previously closed at $23.66.

GraniteShares 2x Long AMD Daily ETF Stock Down 12.1%

The company has a fifty day moving average of $15.20 and a 200-day moving average of $10.54.

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

Several hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its holdings 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. Headlands Technologies LLC boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 1,030.3% in the 1st quarter. Headlands Technologies LLC now owns 12,648 shares of the company’s stock valued at $65,000 after purchasing an additional 11,529 shares during the last quarter. Wealthspire Advisors LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $77,000. HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $108,000. Finally, XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $126,000.

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.