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 $64.43, but opened at $69.19. GraniteShares 2x Long AMD Daily ETF shares last traded at $72.98, with a volume of 1,151,736 shares.

GraniteShares 2x Long AMD Daily ETF Stock Up 15.8%

The stock’s 50 day moving average is $60.59 and its 200 day moving average is $31.62.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds have recently added to or reduced their stakes in the company. Balboa Wealth Partners bought a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $122,000. UBS Group AG boosted its position in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after acquiring an additional 487,097 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at about $276,000. StoneX Group Inc. bought a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $170,000. Finally, Vestor Capital LLC increased its position in GraniteShares 2x Long AMD Daily ETF by 145.5% during the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after acquiring an additional 6,074 shares during the period.

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.