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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped up prior to trading on Monday . The stock had previously closed at $67.01, but opened at $72.97. GraniteShares 2x Long AMD Daily ETF shares last traded at $78.5010, with a volume of 1,645,751 shares traded.

GraniteShares 2x Long AMD Daily ETF Trading Up 2.8%

The company has a fifty day moving average price of $55.57 and a 200 day moving average price of $47.26.

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

Several large investors have recently added to or reduced their stakes in AMDL. Thrive Wealth Management LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $238,000. Client First Investment Management LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $1,097,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $524,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $1,726,000. Finally, Balboa Wealth Partners acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $122,000.

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.