GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – Still a Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Wednesday . The stock had previously closed at $71.13, but opened at $74.51. GraniteShares 2x Long AMD Daily ETF shares last traded at $73.97, with a volume of 2,079,162 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The business’s fifty day moving average price is $37.38 and its 200-day moving average price is $23.02.

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

Institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. raised its stake in GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd 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 period. HUB Investment Partners LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $108,000. Balboa Wealth Partners bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Financial Engines Advisors L.L.C. bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $149,000. Finally, CreativeOne Wealth LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth approximately $157,000.

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.