GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – What’s Next?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped up before the market opened on Monday . The stock had previously closed at $67.01, but opened at $72.97. GraniteShares 2x Long AMD Daily ETF shares last traded at $78.5010, with a volume of 1,645,751 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Price Performance

The business’s fifty day simple moving average is $55.10 and its 200 day simple moving average is $46.27.

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

A number of institutional investors have recently made changes to their positions in the company. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at about $1,726,000. Group One Trading LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $524,000. Client First Investment Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $1,097,000. Balboa Wealth Partners acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $122,000. Finally, Thrive Wealth Management LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at about $238,000.

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.