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 prior to trading on Wednesday. The stock had previously closed at $63.95, but opened at $66.77. GraniteShares 2x Long AMD Daily ETF shares last traded at $64.3930, with a volume of 327,386 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Up 1.2%

The stock’s 50 day moving average price is $63.70 and its two-hundred day moving average price is $44.33.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

A number of institutional investors have recently modified their holdings of AMDL. SBI Securities Co. Ltd. boosted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 18.3% in the third quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock worth $317,000 after buying an additional 621 shares during the last quarter. Thrive Wealth Management LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $238,000. Client First Investment Management LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at approximately $1,097,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $524,000. Finally, IMC Chicago LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $1,726,000.

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.