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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up prior to trading on Monday . The stock had previously closed at $66.14, but opened at $72.53. GraniteShares 2x Long AMD Daily ETF shares last traded at $77.68, with a volume of 1,644,212 shares.

GraniteShares 2x Long AMD Daily ETF Trading Down 14.5%

The stock has a 50-day moving average of $45.19 and a 200 day moving average of $25.56.

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

A number of hedge funds have recently made changes to their positions in AMDL. Osaic Holdings Inc. grew 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 valued at $52,000 after buying an additional 1,645 shares during the period. Vestor Capital LLC raised its position in GraniteShares 2x Long AMD Daily ETF by 145.5% in 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. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at about $122,000. HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at about $108,000. Finally, Financial Engines Advisors L.L.C. bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at approximately $149,000.

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.