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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down prior to trading on Wednesday . The stock had previously closed at $69.62, but opened at $65.75. GraniteShares 2x Long AMD Daily ETF shares last traded at $70.75, with a volume of 794,608 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Price Performance

The business’s 50-day moving average price is $64.73 and its 200 day moving average price is $34.86.

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

Hedge funds have recently bought and sold shares of the company. Thrive Wealth Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $238,000. Osaic Holdings Inc. raised its stake in 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 valued at $52,000 after buying an additional 1,645 shares during the period. Balboa Wealth Partners bought a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $122,000. Vestor Capital LLC lifted its position in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after buying an additional 6,074 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at approximately $108,000.

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.