GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Down 7.2% – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price dropped 7.2% during trading on Friday . The stock traded as low as $62.37 and last traded at $65.09. Approximately 579,328 shares were traded during mid-day trading, a decline of 95% from the average session volume of 10,775,095 shares. The stock had previously closed at $70.17.

GraniteShares 2x Long AMD Daily ETF Stock Down 6.2%

The company has a 50-day moving average price of $52.66 and a two-hundred day moving average price of $28.20.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds have recently made changes to their positions in the company. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth $524,000. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $1,726,000. Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $122,000. Vestor Capital LLC increased its stake in GraniteShares 2x Long AMD Daily ETF by 145.5% during the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after buying an additional 6,074 shares during the period. Finally, UBS Group AG lifted its holdings in 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 worth $23,325,000 after buying an additional 487,097 shares in 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.