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

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

GraniteShares 2x Long AMD Daily ETF Stock Down 5.0%

The business’s 50 day moving average price is $56.79 and its two-hundred day moving average price is $29.79.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds have recently added to or reduced their stakes in AMDL. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth $524,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $1,726,000. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $122,000. Vestor Capital LLC boosted its holdings in shares of 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 valued at $159,000 after acquiring an additional 6,074 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% during the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after acquiring an additional 487,097 shares in the last quarter.

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.