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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.94, but opened at $13.75. GraniteShares 2x Long AMD Daily ETF shares last traded at $14.2880, with a volume of 25,530,931 shares.

GraniteShares 2x Long AMD Daily ETF Stock Down 6.9%

The business has a 50 day moving average price of $15.96 and a two-hundred day moving average price of $15.61.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of institutional investors have recently made changes to their positions in the stock. UBS Group AG grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the fourth 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 during the last quarter. Group One Trading LLC grew its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after acquiring an additional 537,911 shares during the last quarter. Simplex Trading LLC grew its holdings in GraniteShares 2x Long AMD Daily ETF by 204.2% in the 2nd quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock worth $3,588,000 after acquiring an additional 283,100 shares during the last quarter. GatePass Capital LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at about $426,000. Finally, NewEdge Advisors LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at about $359,000.

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.