GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Down – Should You Sell?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $57.33, but opened at $50.61. GraniteShares 2x Long AMD Daily ETF shares last traded at $47.75, with a volume of 1,068,379 shares.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The business has a fifty day simple moving average of $65.72 and a two-hundred day simple moving average of $36.67.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Institutional investors have recently bought and sold shares of the stock. Thrive Wealth Management LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $238,000. Osaic Holdings Inc. lifted its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after acquiring an additional 1,645 shares during the period. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at $122,000. Vestor Capital LLC boosted its stake in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after purchasing an additional 6,074 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $108,000.

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.