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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Monday. The stock had previously closed at $57.90, but opened at $62.68. GraniteShares 2x Long AMD Daily ETF shares last traded at $60.8120, with a volume of 560,991 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm’s 50 day moving average price is $62.86 and its 200 day moving average price is $55.64.

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

A number of large investors have recently modified their holdings of the stock. IMC Chicago LLC bought a new position in GraniteShares 2x Long AMD Daily ETF in the first quarter worth about $1,726,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the first quarter worth about $524,000. Client First Investment Management LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at approximately $1,097,000. Balboa Wealth Partners bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at approximately $122,000. Finally, Thrive Wealth Management LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter valued at approximately $238,000.

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.