GraniteShares 2x Long AMD Daily ETF Target of Unusually Large Options Trading (NASDAQ:AMDL)

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw some unusual options trading on Wednesday. Investors acquired 28,795 call options on the company. Thisrepresentsanincreaseofapproximately169% compared to the typical daily volume of 10,709 call options.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new position in GraniteShares 2x Long AMD Daily ETF during the fourth quarter worth about $77,000. Jane Street Group LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the fourth quarter valued at approximately $82,000. Headlands Technologies LLC grew its position in GraniteShares 2x Long AMD Daily ETF by 1,030.3% in the first quarter. Headlands Technologies LLC now owns 12,648 shares of the company’s stock worth $65,000 after acquiring an additional 11,529 shares during the period. Lauer Wealth LLC increased its stake in GraniteShares 2x Long AMD Daily ETF by 43.4% during the first quarter. Lauer Wealth LLC now owns 40,995 shares of the company’s stock worth $211,000 after acquiring an additional 12,415 shares during the last quarter. Finally, Wealthspire Advisors LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $77,000.

GraniteShares 2x Long AMD Daily ETF Stock Down 13.0%

Shares of AMDL opened at $10.91 on Thursday. GraniteShares 2x Long AMD Daily ETF has a 52-week low of $2.77 and a 52-week high of $17.00. The firm’s fifty day moving average is $8.67 and its two-hundred day moving average is $6.47.

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.