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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down before the market opened on Thursday. The stock had previously closed at $63.15, but opened at $56.66. GraniteShares 2x Long AMD Daily ETF shares last traded at $56.3280, with a volume of 457,202 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The stock’s 50-day moving average is $63.40 and its two-hundred day moving average is $56.90.

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

A number of institutional investors and hedge funds have recently modified their holdings of AMDL. SBI Securities Co. Ltd. increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 18.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock valued at $317,000 after acquiring an additional 621 shares during the period. Thrive Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth $238,000. Client First Investment Management LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth $1,097,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $524,000. Finally, IMC Chicago LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $1,726,000.

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.