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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $69.62, but opened at $65.75. GraniteShares 2x Long AMD Daily ETF shares last traded at $70.75, with a volume of 794,608 shares.

GraniteShares 2x Long AMD Daily ETF Stock Up 4.1%

The company has a fifty day moving average price of $64.73 and a two-hundred day moving average price of $34.86.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Thrive Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $238,000. Osaic Holdings Inc. grew its stake in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in 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 in the last quarter. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $122,000. Vestor Capital LLC grew its stake in shares of 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 valued at $159,000 after buying an additional 6,074 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth $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.