GraniteShares 2x Long AMD Daily ETF Sees Unusually High Options Volume (NASDAQ:AMDL)

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) saw some unusual options trading on Tuesday. Stock traders acquired 13,271 call options on the stock. This is an increase of approximately 74% compared to the typical daily volume of 7,645 call options.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC increased its stake in shares of 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 valued at $65,000 after buying an additional 11,529 shares during the period. Wealthspire Advisors LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $77,000. B. Riley Wealth Advisors Inc. bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 4th quarter worth approximately $77,000. Jane Street Group LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 4th quarter valued at approximately $82,000. Finally, XTX Topco Ltd acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $126,000.

GraniteShares 2x Long AMD Daily ETF Stock Performance

Shares of AMDL stock opened at $10.70 on Thursday. GraniteShares 2x Long AMD Daily ETF has a twelve month low of $2.77 and a twelve month high of $17.75. The stock’s fifty day simple moving average is $6.82 and its 200 day simple moving average is $6.06.

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.