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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped up prior to trading on Monday . The stock had previously closed at $58.14, but opened at $63.00. GraniteShares 2x Long AMD Daily ETF shares last traded at $62.43, with a volume of 938,769 shares.

GraniteShares 2x Long AMD Daily ETF Stock Up 8.1%

The stock’s 50 day moving average price is $64.35 and its 200-day moving average price is $34.16.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several institutional investors have recently added to or reduced their stakes in AMDL. Osaic Holdings Inc. increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% in the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the period. HUB Investment Partners LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $108,000. Balboa Wealth Partners bought a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth approximately $122,000. Financial Engines Advisors L.L.C. purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $149,000. Finally, CreativeOne Wealth LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 3rd quarter worth approximately $157,000.

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.