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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of some unusual options trading on Monday. Stock traders purchased 10,826 call options on the stock. This is an increase of approximately 131% compared to the typical volume of 4,688 call options.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several hedge funds have recently bought and sold shares of AMDL. SBI Securities Co. Ltd. bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth about $63,000. IMC Chicago LLC boosted its stake in shares of 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 acquiring an additional 70,491 shares during the period. Lauer Wealth LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth about $219,000. Garden State Investment Advisory Services LLC boosted its stake in shares of 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 acquiring an additional 16,022 shares during the period. Finally, Fortis Capital Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter worth about $260,000.

GraniteShares 2x Long AMD Daily ETF Stock Performance

NASDAQ:AMDL traded up $0.72 during mid-day trading on Monday, hitting $6.31. 8,070,294 shares of the company traded hands, compared to its average volume of 5,551,757. The stock’s fifty day moving average price is $6.20 and its 200-day moving average price is $9.58. GraniteShares 2x Long AMD Daily ETF has a one year low of $4.46 and a one year high of $23.75.

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.