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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $45.81, but opened at $48.87. GraniteShares 2x Long AMD Daily ETF shares last traded at $50.06, with a volume of 1,916,692 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Up 15.9%

The company has a fifty day moving average of $24.70 and a 200-day moving average of $19.40.

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

Several institutional investors and hedge funds have recently modified their holdings of AMDL. Group One Trading LLC raised its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after buying an additional 537,911 shares during the period. UBS Group AG raised its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock valued at $23,325,000 after buying an additional 487,097 shares during the period. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at $1,726,000. NewEdge Advisors LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $359,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 3rd quarter valued at $276,000.

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.