GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Hits New 1-Year High – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price reached a new 52-week high on Tuesday . The company traded as high as $78.30 and last traded at $75.30, with a volume of 4786437 shares. The stock had previously closed at $66.14.

GraniteShares 2x Long AMD Daily ETF Trading Up 13.8%

The firm has a fifty day moving average price of $44.18 and a 200 day moving average price of $25.22.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG lifted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% during the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after purchasing an additional 487,097 shares during the last quarter. Group One Trading LLC lifted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% during the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after purchasing an additional 537,911 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $1,726,000. NewEdge Advisors LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at $359,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at $276,000.

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.