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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Tuesday . The stock had previously closed at $52.64, but opened at $54.40. GraniteShares 2x Long AMD Daily ETF shares last traded at $55.8650, with a volume of 634,365 shares.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company’s 50 day moving average is $55.75 and its 200 day moving average is $44.92.

Institutional Inflows and Outflows

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

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.