GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up prior to trading on Tuesday . The stock had previously closed at $10.75, but opened at $11.45. GraniteShares 2x Long AMD Daily ETF shares last traded at $11.12, with a volume of 8,632,799 shares.

GraniteShares 2x Long AMD Daily ETF Stock Up 3.7%

The firm’s fifty day moving average is $10.41 and its 200 day moving average is $6.97.

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

A number of large investors have recently modified their holdings of the business. Group One Trading LLC grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% during the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares in the last quarter. HUB Investment Partners LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth $108,000. NewEdge Advisors LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth $359,000. StoneX Group Inc. acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $170,000. Finally, SBI Securities Co. Ltd. raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 47.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock valued at $127,000 after buying an additional 4,840 shares during the period.

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.