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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped up prior to trading on Tuesday . The stock had previously closed at $46.05, but opened at $49.65. GraniteShares 2x Long AMD Daily ETF shares last traded at $50.06, with a volume of 659,960 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Trading Up 8.6%

The firm’s fifty day moving average price is $61.47 and its two-hundred day moving average price is $40.93.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC grew its position 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 valued at $6,328,000 after purchasing an additional 537,911 shares during the period. UBS Group AG raised its holdings in GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after buying an additional 487,097 shares during the last quarter. IMC Chicago LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the first quarter worth $1,726,000. NewEdge Advisors LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $359,000. Finally, Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at $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.