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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Thursday . The stock had previously closed at $17.59, but opened at $18.97. GraniteShares 2x Long AMD Daily ETF shares last traded at $18.3350, with a volume of 3,773,745 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Down 6.7%

The firm’s 50 day moving average price is $17.25 and its two-hundred day moving average price is $11.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMDL. Osaic Holdings Inc. boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after purchasing an additional 1,645 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 1,030.3% during the 1st quarter. Headlands Technologies LLC now owns 12,648 shares of the company’s stock valued at $65,000 after buying an additional 11,529 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at approximately $77,000. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $108,000. Finally, XTX Topco Ltd bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter worth $126,000.

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.