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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Thursday . The stock had previously closed at $42.43, but opened at $48.49. GraniteShares 2x Long AMD Daily ETF shares last traded at $51.94, with a volume of 1,073,332 shares.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company has a 50 day simple moving average of $65.60 and a two-hundred day simple moving average of $37.06.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMDL. Thrive Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at $238,000. 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. Balboa Wealth Partners purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth $122,000. Vestor Capital LLC raised its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% during the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after acquiring an additional 6,074 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new stake 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.