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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $45.81, but opened at $48.87. GraniteShares 2x Long AMD Daily ETF shares last traded at $50.06, with a volume of 1,916,692 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The stock has a 50-day moving average of $24.70 and a 200 day moving average of $19.40.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $524,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $1,726,000. Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $122,000. Vestor Capital LLC raised its position in GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after purchasing an additional 6,074 shares during the period. Finally, UBS Group AG raised its position in GraniteShares 2x Long AMD Daily ETF by 48.1% in the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after purchasing an additional 487,097 shares during the period.

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.