GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $61.66, but opened at $65.00. GraniteShares 2x Long AMD Daily ETF shares last traded at $62.17, with a volume of 1,131,924 shares traded.
GraniteShares 2x Long AMD Daily ETF Stock Down 21.3%
The business’s fifty day moving average is $39.20 and its 200 day moving average is $23.57.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $108,000. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $122,000. Financial Engines Advisors L.L.C. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter valued at approximately $149,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter valued at approximately $157,000.
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.
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