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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $51.73, but opened at $49.00. GraniteShares 2x Long AMD Daily ETF shares last traded at $47.82, with a volume of 610,661 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Up 1.9%

The company’s 50 day moving average price is $65.60 and its two-hundred day moving average price is $37.21.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMDL. Group One Trading LLC boosted its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd 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 during the period. UBS Group AG increased its stake in GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after acquiring an additional 487,097 shares during the last quarter. IMC Chicago LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter worth $1,726,000. NewEdge Advisors LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $359,000. Finally, Flow Traders U.S. LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at 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.