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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped up before the market opened on Wednesday . The stock had previously closed at $45.81, but opened at $48.87. GraniteShares 2x Long AMD Daily ETF shares last traded at $50.06, with a volume of 1,916,692 shares traded.

GraniteShares 2x Long AMD Daily ETF Trading Up 0.8%

The company has a fifty day moving average price of $26.34 and a two-hundred day moving average price of $19.82.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its stake 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 worth $52,000 after acquiring an additional 1,645 shares during the last quarter. Vestor Capital LLC increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after acquiring an additional 6,074 shares during the last quarter. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth $122,000. HUB Investment Partners LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $108,000. Finally, Financial Engines Advisors L.L.C. acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $149,000.

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.