GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – Here’s Why

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Thursday . The stock had previously closed at $64.43, but opened at $69.19. GraniteShares 2x Long AMD Daily ETF shares last traded at $72.98, with a volume of 1,151,736 shares.

GraniteShares 2x Long AMD Daily ETF Stock Up 4.2%

The company has a 50 day simple moving average of $62.28 and a 200-day simple moving average of $32.32.

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

Institutional investors have recently bought and sold shares of the company. Balboa Wealth Partners acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. UBS Group AG raised its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after purchasing an additional 487,097 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $276,000. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth $170,000. Finally, Vestor Capital LLC lifted its position in shares of 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 worth $159,000 after purchasing an additional 6,074 shares in 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.