GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Stock Price Up 9.1% – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price rose 9.1% on Friday . The company traded as high as $17.90 and last traded at $17.90. Approximately 2,552,130 shares traded hands during trading, a decline of 78% from the average daily volume of 11,781,667 shares. The stock had previously closed at $16.40.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The business has a 50 day moving average price of $13.22 and a two-hundred day moving average price of $16.06.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Several large investors have recently bought and sold shares of AMDL. Group One Trading LLC increased its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares in the last quarter. UBS Group AG increased its holdings in GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after buying an additional 487,097 shares in the last quarter. GatePass Capital LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $426,000. NewEdge Advisors LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $359,000. Finally, Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth about $276,000.

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.