GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – Time to Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up prior to trading on Thursday. The stock had previously closed at $56.02, but opened at $59.45. GraniteShares 2x Long AMD Daily ETF shares last traded at $58.12, with a volume of 2,927,344 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm has a 50-day moving average of $63.79 and a 200-day moving average of $46.07.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

A number of institutional investors have recently added to or reduced their stakes in AMDL. Thrive Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at approximately $238,000. SBI Securities Co. Ltd. boosted its position in shares of GraniteShares 2x Long AMD Daily ETF by 18.3% during the third quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock worth $317,000 after acquiring an additional 621 shares during the last quarter. StoneX Group Inc. purchased a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at $688,000. Simplex Trading LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at $819,000. Finally, Client First Investment Management LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at $1,097,000.

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.