GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Down – Here’s What Happened

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down before the market opened on Monday . The stock had previously closed at $57.67, but opened at $50.90. GraniteShares 2x Long AMD Daily ETF shares last traded at $51.1980, with a volume of 754,047 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The firm’s 50-day moving average is $56.17 and its two-hundred day moving average is $44.65.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

A number of hedge funds have recently made changes to their positions in the company. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth approximately $170,000. NewEdge Advisors LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $359,000. HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at $108,000. Group One Trading LLC lifted its holdings in GraniteShares 2x Long AMD Daily ETF by 261.5% in the 2nd quarter. Group One Trading LLC now owns 743,626 shares of the company’s stock valued at $6,328,000 after purchasing an additional 537,911 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in 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 purchasing an additional 1,645 shares during the last quarter.

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.