GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s stock price fell 12.8% during mid-day trading on Tuesday . The company traded as low as $41.17 and last traded at $41.27. 3,113,505 shares were traded during mid-day trading, a decline of 75% from the average session volume of 12,251,074 shares. The stock had previously closed at $47.33.
GraniteShares 2x Long AMD Daily ETF Price Performance
The stock has a fifty day moving average price of $25.51 and a 200-day moving average price of $19.61.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in AMDL. StoneX Group Inc. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $170,000. NewEdge Advisors LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $359,000. HUB Investment Partners LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $108,000. Group One Trading LLC increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after acquiring an additional 537,911 shares during the period. Finally, Osaic Holdings Inc. increased 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 acquiring an additional 1,645 shares during the period.
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.
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