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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up prior to trading on Thursday . The stock had previously closed at $64.43, but opened at $69.19. GraniteShares 2x Long AMD Daily ETF shares last traded at $72.98, with a volume of 1,151,736 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Trading Up 15.8%

The business has a fifty day moving average price of $60.59 and a 200 day moving average price of $31.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Client First Investment Management LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at approximately $1,097,000. Thrive Wealth Management LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $238,000. Group One Trading LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $524,000. IMC Chicago LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $1,726,000. Finally, Balboa Wealth Partners acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $122,000.

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.