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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up prior to trading on Wednesday . The stock had previously closed at $71.13, but opened at $74.51. GraniteShares 2x Long AMD Daily ETF shares last traded at $73.97, with a volume of 2,079,162 shares traded.

GraniteShares 2x Long AMD Daily ETF Trading Up 4.8%

The company has a fifty day moving average price of $33.78 and a two-hundred day moving average price of $21.96.

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

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. raised its stake in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the 2nd 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 in the last quarter. Vestor Capital LLC lifted its stake 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 purchasing an additional 6,074 shares during the period. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $122,000. HUB Investment Partners LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $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 worth 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.