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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up prior to trading on Friday. The stock had previously closed at $80.04, but opened at $85.49. GraniteShares 2x Long AMD Daily ETF shares last traded at $85.8340, with a volume of 762,949 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company’s 50 day moving average is $57.77 and its 200 day moving average is $50.63.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Several hedge funds have recently made changes to their positions in AMDL. Thrive Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $238,000. Client First Investment Management LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $1,097,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $524,000. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $1,726,000. Finally, Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000.

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.