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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $42.43, but opened at $48.49. GraniteShares 2x Long AMD Daily ETF shares last traded at $51.94, with a volume of 1,073,332 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company’s 50-day moving average price is $65.72 and its 200 day moving average price is $36.67.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMDL. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $524,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $1,726,000. Balboa Wealth Partners purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $122,000. UBS Group AG increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after purchasing an additional 487,097 shares in the last quarter. Finally, Vestor Capital LLC raised its holdings in GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th 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.

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.