GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 52-Week High – Should You Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) reached a new 52-week high during trading on Monday . The stock traded as high as $78.71 and last traded at $74.50, with a volume of 1592157 shares changing hands. The stock had previously closed at $71.82.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company has a 50-day moving average of $48.49 and a 200-day moving average of $26.69.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the second 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 last quarter. HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $108,000. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $122,000. Financial Engines Advisors L.L.C. purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $149,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $157,000.

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.