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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down prior to trading on Monday . The stock had previously closed at $51.73, but opened at $49.00. GraniteShares 2x Long AMD Daily ETF shares last traded at $47.82, with a volume of 610,661 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The stock’s 50 day moving average price is $65.60 and its 200-day moving average price is $37.21.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrive Wealth Management LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $238,000. Osaic Holdings Inc. increased its holdings in shares of 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 valued at $52,000 after acquiring an additional 1,645 shares in the last quarter. Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $122,000. Vestor Capital LLC grew 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 valued at $159,000 after buying an additional 6,074 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at about $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.