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 Friday . The stock had previously closed at $15.55, but opened at $16.23. GraniteShares 2x Long AMD Daily ETF shares last traded at $17.1610, with a volume of 3,204,761 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Up 6.9%

The company’s fifty day simple moving average is $18.12 and its 200 day simple moving average is $13.83.

Institutional Investors Weigh In On GraniteShares 2x Long AMD Daily ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter valued at approximately $149,000. Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $276,000. UBS Group AG increased its position in GraniteShares 2x Long AMD Daily ETF by 57.0% during the 3rd quarter. UBS Group AG now owns 1,012,903 shares of the company’s stock valued at $10,463,000 after buying an additional 367,782 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the third quarter worth $157,000. Finally, GatePass Capital LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at about $426,000.

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.