Traders Purchase Large Volume of GraniteShares 2x Long AMD Daily ETF Call Options (NASDAQ:AMDL)

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 4,026 call options on the stock. This represents an increase of approximately 34% compared to the typical volume of 3,003 call options.

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

Several institutional investors have recently added to or reduced their stakes in AMDL. Lauer Wealth LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 4th quarter valued at $219,000. Garden State Investment Advisory Services LLC grew its holdings in GraniteShares 2x Long AMD Daily ETF by 39.3% in the third quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock worth $863,000 after purchasing an additional 16,022 shares during the period. IMC Chicago LLC grew its holdings in GraniteShares 2x Long AMD Daily ETF by 212.5% in the fourth quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock worth $794,000 after purchasing an additional 70,491 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $1,079,000.

GraniteShares 2x Long AMD Daily ETF Stock Performance

Shares of GraniteShares 2x Long AMD Daily ETF stock opened at $6.80 on Tuesday. The stock’s 50-day moving average is $8.72 and its 200 day moving average is $11.64. GraniteShares 2x Long AMD Daily ETF has a one year low of $6.52 and a one year high of $25.62.

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.