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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped down prior to trading on Monday . The stock had previously closed at $74.53, but opened at $69.73. GraniteShares 2x Long AMD Daily ETF shares last traded at $67.63, with a volume of 720,252 shares.

GraniteShares 2x Long AMD Daily ETF Trading Down 3.6%

The firm has a 50-day simple moving average of $62.28 and a 200 day simple moving average of $32.43.

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

Several hedge funds have recently bought and sold shares of AMDL. Osaic Holdings Inc. grew its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% in the second 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 period. Thrive Wealth Management LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $238,000. Vestor Capital LLC increased its position in GraniteShares 2x Long AMD Daily ETF by 145.5% during the 4th 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 in the last quarter. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF during the first quarter valued at $122,000. Finally, HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at $108,000.

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.