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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw unusually large options trading activity on Monday. Investors acquired 4,026 call options on the company. This is an increase of 34% compared to the average daily volume of 3,003 call options.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lauer Wealth LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 4th quarter valued at about $219,000. Garden State Investment Advisory Services LLC raised 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. Finally, Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth $1,079,000.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of AMDL traded down $0.70 during mid-day trading on Monday, hitting $7.10. 6,379,565 shares of the company traded hands, compared to its average volume of 11,095,803. The business has a 50-day moving average of $8.72 and a 200 day moving average of $11.64. GraniteShares 2x Long AMD Daily ETF has a one year low of $6.80 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.