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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $66.14, but opened at $72.53. GraniteShares 2x Long AMD Daily ETF shares last traded at $77.68, with a volume of 1,644,212 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Price Performance

The business’s 50-day moving average is $42.95 and its two-hundred day moving average is $24.79.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

A number of hedge funds have recently modified their holdings of AMDL. Osaic Holdings Inc. raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after acquiring 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 in the 2nd quarter valued at approximately $108,000. Balboa Wealth Partners bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Financial Engines Advisors L.L.C. bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $149,000. Finally, CreativeOne Wealth LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth 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.