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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $66.14, but opened at $72.53. GraniteShares 2x Long AMD Daily ETF shares last traded at $77.68, with a volume of 1,644,212 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Trading Up 14.9%

The business’s 50-day simple moving average is $42.95 and its 200-day simple moving average is $24.79.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Group One Trading LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $524,000. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $1,726,000. Balboa Wealth Partners acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $122,000. Vestor Capital LLC raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% in the 4th quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after acquiring an additional 6,074 shares during the period. Finally, UBS Group AG raised its position 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 acquiring an additional 487,097 shares during the period.

About GraniteShares 2x Long AMD Daily ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for GraniteShares 2x Long AMD Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Long AMD Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.