GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Climb 8.1% – Time to Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) were up 8.1% during trading on Tuesday. The stock traded as high as $89.32 and last traded at $90.8510. Approximately 1,587,516 shares were traded during trading, a decline of 80% from the average session volume of 7,868,356 shares. The stock had previously closed at $84.06.

GraniteShares 2x Long AMD Daily ETF Stock Down 1.2%

The firm’s 50 day simple moving average is $60.43 and its two-hundred day simple moving average is $52.73.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $1,726,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the first quarter worth $524,000. Client First Investment Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $1,097,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $122,000. Finally, Thrive Wealth Management LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at about $238,000.

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.