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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Friday . The stock had previously closed at $26.85, but opened at $32.38. GraniteShares 2x Long AMD Daily ETF shares last traded at $33.31, with a volume of 8,585,617 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm has a 50-day moving average price of $14.56 and a two-hundred day moving average price of $16.76.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd 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. HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $108,000. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Financial Engines Advisors L.L.C. purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $149,000. Finally, CreativeOne Wealth LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $157,000.

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.