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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) was the target of some unusual options trading on Monday. Stock investors purchased 4,026 call options on the stock. This represents an increase of 34% compared to the typical volume of 3,003 call options.

GraniteShares 2x Long AMD Daily ETF Stock Performance

Shares of AMDL traded down $0.70 during midday trading on Monday, hitting $7.10. The stock had a trading volume of 6,379,565 shares, compared to its average volume of 11,095,803. The company has a 50 day simple moving average of $8.72 and a two-hundred day simple moving average of $11.64. GraniteShares 2x Long AMD Daily ETF has a twelve month low of $6.80 and a twelve month high of $25.62.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Several institutional investors have recently bought and sold shares of the company. Garden State Investment Advisory Services LLC grew 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 valued at $863,000 after buying an additional 16,022 shares in the last quarter. Lauer Wealth LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the fourth quarter valued at about $219,000. Finally, Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $1,079,000.

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.