GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Trading 6.1% Higher – Time to Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shot up 6.1% during mid-day trading on Friday . The company traded as high as $16.96 and last traded at $17.0750. 2,496,428 shares traded hands during trading, a decline of 90% from the average session volume of 25,667,854 shares. The stock had previously closed at $16.10.

GraniteShares 2x Long AMD Daily ETF Stock Up 1.6%

The company has a 50 day moving average price of $18.63 and a 200-day moving average price of $12.58.

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

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $126,000. Wealthspire Advisors LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $77,000. Headlands Technologies LLC lifted 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 purchasing an additional 11,529 shares during the period. Simplex Trading LLC boosted its stake in GraniteShares 2x Long AMD Daily ETF by 908.2% during the first quarter. Simplex Trading LLC now owns 138,623 shares of the company’s stock worth $712,000 after buying an additional 124,874 shares in the last quarter. Finally, Caitlin John LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth $210,000.

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.