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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $73.79, but opened at $64.08. GraniteShares 2x Long AMD Daily ETF shares last traded at $64.00, with a volume of 1,093,285 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The stock has a 50-day moving average of $59.34 and a two-hundred day moving average of $30.91.

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

Several large investors have recently modified their holdings of AMDL. Group One Trading LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $524,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter worth approximately $1,726,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter worth approximately $122,000. Vestor Capital LLC grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% during the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after buying an additional 6,074 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after buying an additional 487,097 shares during the last quarter.

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.