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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $16.37, but opened at $15.85. GraniteShares 2x Long AMD Daily ETF shares last traded at $16.2980, with a volume of 4,939,950 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The stock has a 50 day simple moving average of $16.74 and a 200 day simple moving average of $14.35.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds have recently made changes to their positions in the stock. GatePass Capital LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $426,000. Simplex Trading LLC increased its position in shares of 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 purchasing an additional 283,100 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of GraniteShares 2x Long AMD Daily ETF by 47.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock worth $127,000 after purchasing an additional 4,840 shares during the last quarter. Caitlin John LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $210,000. Finally, Financial Engines Advisors L.L.C. bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $149,000.

GraniteShares 2x Long AMD Daily ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for GraniteShares 2x Long AMD Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Long AMD Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.