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 activity on Monday. Stock investors acquired 10,826 call options on the company. This represents an increase of 131% compared to the average volume of 4,688 call options.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several large investors have recently added to or reduced their stakes in AMDL. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long AMD Daily ETF by 71.6% in the fourth quarter. Optiver Holding B.V. now owns 162,651 shares of the company’s stock valued at $1,246,000 after acquiring an additional 67,877 shares during the last quarter. IMC Chicago LLC boosted its stake in GraniteShares 2x Long AMD Daily ETF by 212.5% during 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 period. Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $1,079,000. Garden State Investment Advisory Services LLC grew its position in GraniteShares 2x Long AMD Daily ETF by 39.3% in the 3rd 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 last quarter. Finally, Fortis Capital Management LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the fourth quarter worth about $260,000.

GraniteShares 2x Long AMD Daily ETF Stock Up 1.7 %

Shares of AMDL stock opened at $6.48 on Wednesday. The stock has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $9.52. GraniteShares 2x Long AMD Daily ETF has a fifty-two week low of $4.46 and a fifty-two week 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.