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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) 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 trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm has a 50 day simple moving average of $63.65 and a two-hundred day simple moving average of $33.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Balboa Wealth Partners purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $122,000. UBS Group AG boosted its stake in shares of 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 worth $23,325,000 after buying an additional 487,097 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $149,000. Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $276,000. Finally, CreativeOne Wealth LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $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.