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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $69.92, but opened at $65.60. GraniteShares 2x Long AMD Daily ETF shares last traded at $62.26, with a volume of 2,220,109 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Down 2.8%

The firm has a fifty day moving average of $32.67 and a 200 day moving average of $21.62.

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

Several hedge funds and other institutional investors have recently made changes to their positions in AMDL. Osaic Holdings Inc. raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares in the last quarter. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $108,000. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $122,000. Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $157,000.

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.