Investors Buy Large Volume of Call Options on GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Garden State Investment Advisory Services LLC raised its position in GraniteShares 2x Long AMD Daily ETF by 39.3% during the third quarter. Garden State Investment Advisory Services LLC now owns 56,800 shares of the company’s stock valued at $863,000 after acquiring an additional 16,022 shares in the last quarter. Lauer Wealth LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 4th quarter valued at $219,000. IMC Chicago LLC lifted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 212.5% in the 4th quarter. IMC Chicago LLC now owns 103,656 shares of the company’s stock valued at $794,000 after purchasing an additional 70,491 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth $1,079,000.

GraniteShares 2x Long AMD Daily ETF Price Performance

Shares of NASDAQ:AMDL opened at $6.80 on Tuesday. GraniteShares 2x Long AMD Daily ETF has a 12 month low of $6.52 and a 12 month high of $25.62. The stock’s 50 day moving average price is $8.72 and its 200 day moving average price is $11.64.

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.