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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up before the market opened on Friday . The stock had previously closed at $26.85, but opened at $32.38. GraniteShares 2x Long AMD Daily ETF shares last traded at $33.31, with a volume of 8,585,617 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm has a 50-day moving average price of $14.56 and a two-hundred day moving average price of $16.76.

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

Several hedge funds and other institutional investors have recently made changes to their positions in AMDL. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $170,000. NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $359,000. HUB Investment Partners LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth about $108,000. Group One Trading LLC raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 261.5% during the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock worth $6,328,000 after acquiring an additional 537,911 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of GraniteShares 2x Long AMD Daily ETF by 36.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares in the last quarter.

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.