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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down prior to trading on Wednesday . The stock had previously closed at $82.75, but opened at $76.09. GraniteShares 2x Long AMD Daily ETF shares last traded at $77.84, with a volume of 1,323,911 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm’s 50-day simple moving average is $55.80 and its 200 day simple moving average is $29.41.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMDL. Group One Trading LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $524,000. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $1,726,000. Balboa Wealth Partners bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $122,000. Vestor Capital LLC increased its holdings in 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 worth $159,000 after buying an additional 6,074 shares during the last quarter. Finally, UBS Group AG increased its holdings in GraniteShares 2x Long AMD Daily ETF by 48.1% during the fourth quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after buying an additional 487,097 shares during the last quarter.

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.