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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down before the market opened on Tuesday . The stock had previously closed at $56.97, but opened at $52.72. GraniteShares 2x Long AMD Daily ETF shares last traded at $52.03, with a volume of 684,180 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company has a 50-day moving average of $62.82 and a 200-day moving average of $39.91.

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

A number of large investors have recently modified their holdings of AMDL. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at about $524,000. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth approximately $1,726,000. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth approximately $122,000. UBS Group AG grew its position in GraniteShares 2x Long AMD Daily ETF by 48.1% during the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after purchasing an additional 487,097 shares during the last quarter. Finally, Client First Investment Management LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $1,097,000.

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.