GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – Should You Buy?

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up prior to trading on Monday . The stock had previously closed at $58.14, but opened at $63.00. GraniteShares 2x Long AMD Daily ETF shares last traded at $62.43, with a volume of 938,769 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Trading Up 15.9%

The company’s 50 day simple moving average is $64.73 and its 200-day simple moving average is $34.86.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the period. Thrive Wealth Management LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at about $238,000. Vestor Capital LLC increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% during the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after acquiring an additional 6,074 shares during the last quarter. Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth about $122,000. Finally, HUB Investment Partners LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $108,000.

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.