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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped down before the market opened on Monday . The stock had previously closed at $74.53, but opened at $69.73. GraniteShares 2x Long AMD Daily ETF shares last traded at $67.63, with a volume of 720,252 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Down 3.6%

The business has a 50 day moving average of $62.28 and a 200 day moving average of $32.43.

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

A number of large investors have recently modified their holdings of the stock. Group One Trading LLC raised its stake in GraniteShares 2x Long AMD Daily ETF by 261.5% in the second quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after buying an additional 537,911 shares in the last quarter. UBS Group AG boosted its position in GraniteShares 2x Long AMD Daily ETF by 48.1% during the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after acquiring an additional 487,097 shares in the last quarter. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $1,726,000. NewEdge Advisors LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $359,000. Finally, Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $276,000.

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.