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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $58.14, but opened at $63.00. GraniteShares 2x Long AMD Daily ETF shares last traded at $62.43, with a volume of 938,769 shares.

GraniteShares 2x Long AMD Daily ETF Trading Up 8.1%

The stock’s fifty day moving average is $64.35 and its 200 day moving average is $34.16.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. IMC Chicago LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $1,726,000. Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth approximately $122,000. UBS Group AG lifted its holdings 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 buying an additional 487,097 shares during the period. Financial Engines Advisors L.L.C. bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $149,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $276,000.

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.