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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $26.85, but opened at $32.38. GraniteShares 2x Long AMD Daily ETF shares last traded at $33.31, with a volume of 8,585,617 shares traded.

GraniteShares 2x Long AMD Daily ETF Trading Up 27.7%

The business’s fifty day simple moving average is $14.98 and its 200 day simple moving average is $16.89.

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

A number of hedge funds have recently added to or reduced their stakes in AMDL. Osaic Holdings Inc. lifted its position in GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after purchasing an additional 1,645 shares during the period. HUB Investment Partners LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $108,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $122,000. Financial Engines Advisors L.L.C. bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at about $149,000. Finally, CreativeOne Wealth LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at about $157,000.

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.