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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $66.74, but opened at $73.03. GraniteShares 2x Long AMD Daily ETF shares last traded at $66.57, with a volume of 903,177 shares.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The stock’s 50 day moving average price is $53.61 and its 200 day moving average price is $28.47.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMDL. Osaic Holdings Inc. increased its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after purchasing an additional 1,645 shares during the last quarter. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $122,000. Vestor Capital LLC lifted its stake in GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after acquiring an additional 6,074 shares during the last quarter. HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $108,000. Finally, Financial Engines Advisors L.L.C. bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at 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.