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 Tuesday . The stock had previously closed at $46.05, but opened at $49.65. GraniteShares 2x Long AMD Daily ETF shares last traded at $50.06, with a volume of 659,960 shares traded.

GraniteShares 2x Long AMD Daily ETF Price Performance

The company’s 50-day moving average is $61.47 and its two-hundred day moving average is $40.93.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMDL. Osaic Holdings Inc. grew its holdings in GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares in the last quarter. HUB Investment Partners LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at $108,000. Balboa Wealth Partners bought a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at $122,000. Financial Engines Advisors L.L.C. purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $149,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth $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.