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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Monday. The stock had previously closed at $57.90, but opened at $62.68. GraniteShares 2x Long AMD Daily ETF shares last traded at $60.8120, with a volume of 560,991 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Up 7.9%

The business’s 50 day moving average is $62.86 and its two-hundred day moving average is $55.64.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

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

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.