GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Down – Should You Sell?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped down prior to trading on Wednesday . The stock had previously closed at $82.75, but opened at $76.09. GraniteShares 2x Long AMD Daily ETF shares last traded at $77.84, with a volume of 1,323,911 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm’s 50 day moving average price is $55.80 and its two-hundred day moving average price is $29.41.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

A number of institutional investors have recently bought and sold shares of the business. Group One Trading LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $524,000. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $1,726,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Vestor Capital LLC boosted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% during 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 period. Finally, UBS Group AG increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% during 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.

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.