GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – Time to Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Friday . The stock had previously closed at $20.19, but opened at $21.64. GraniteShares 2x Long AMD Daily ETF shares last traded at $22.77, with a volume of 7,320,384 shares.

GraniteShares 2x Long AMD Daily ETF Price Performance

The stock has a 50-day moving average price of $13.16 and a two-hundred day moving average price of $9.37.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Several hedge funds have recently modified their holdings of AMDL. Osaic Holdings Inc. raised its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the last quarter. Headlands Technologies LLC increased its position in shares of GraniteShares 2x Long AMD Daily ETF by 1,030.3% in the 1st quarter. Headlands Technologies LLC now owns 12,648 shares of the company’s stock valued at $65,000 after acquiring an additional 11,529 shares during the period. Wealthspire Advisors LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $77,000. HUB Investment Partners LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $108,000. Finally, XTX Topco Ltd acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $126,000.

About GraniteShares 2x Long AMD Daily ETF

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.