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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down prior to trading on Friday . The stock had previously closed at $21.05, but opened at $18.51. GraniteShares 2x Long AMD Daily ETF shares last traded at $19.3970, with a volume of 3,612,413 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm’s 50 day moving average is $16.69 and its two-hundred day moving average is $15.33.

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

A number of institutional investors have recently modified their holdings of AMDL. Osaic Holdings Inc. increased its stake in shares of 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 acquiring an additional 1,645 shares during the last quarter. HUB Investment Partners LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the second quarter valued at $108,000. SBI Securities Co. Ltd. grew its stake in GraniteShares 2x Long AMD Daily ETF by 47.8% in the second quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock valued at $127,000 after purchasing an additional 4,840 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new position in GraniteShares 2x Long AMD Daily ETF in the third quarter valued at about $149,000. Finally, CreativeOne Wealth LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth about $157,000.

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.