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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $75.72, but opened at $63.93. GraniteShares 2x Long AMD Daily ETF shares last traded at $67.72, with a volume of 1,333,839 shares traded.

GraniteShares 2x Long AMD Daily ETF Trading Down 0.4%

The firm’s fifty day moving average is $51.64 and its 200-day moving average is $27.83.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth approximately $524,000. IMC Chicago LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $1,726,000. Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $122,000. Vestor Capital LLC increased its holdings 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 purchasing an additional 6,074 shares in the last quarter. Finally, UBS Group AG raised its position in GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th 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.

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.