GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – Here’s Why

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Friday . The stock had previously closed at $21.39, but opened at $22.63. GraniteShares 2x Long AMD Daily ETF shares last traded at $23.3540, with a volume of 6,271,678 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The business has a 50-day moving average price of $16.34 and a 200-day moving average price of $14.78.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMDL. GatePass Capital LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $426,000. Simplex Trading LLC increased its stake in shares of GraniteShares 2x Long AMD Daily ETF by 204.2% during the second quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock worth $3,588,000 after buying an additional 283,100 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of GraniteShares 2x Long AMD Daily ETF by 47.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 14,961 shares of the company’s stock worth $127,000 after acquiring an additional 4,840 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the third quarter valued at approximately $276,000. Finally, Financial Engines Advisors L.L.C. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth about $149,000.

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.