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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $66.74, but opened at $73.03. GraniteShares 2x Long AMD Daily ETF shares last traded at $66.57, with a volume of 903,177 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Down 0.5%

The business has a 50 day simple moving average of $51.64 and a 200-day simple moving average of $27.83.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in 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 purchasing an additional 1,645 shares during 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 approximately $108,000. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Financial Engines Advisors L.L.C. purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at approximately $149,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at approximately $157,000.

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.