GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $57.67, but opened at $50.90. GraniteShares 2x Long AMD Daily ETF shares last traded at $51.1980, with a volume of 754,047 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The business’s 50-day moving average is $56.17 and its two-hundred day moving average is $44.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Thrive Wealth Management LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $238,000. Client First Investment Management LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $1,097,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $524,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $1,726,000. Finally, Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $122,000.

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.