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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down before the market opened on Wednesday . The stock had previously closed at $69.62, but opened at $65.75. GraniteShares 2x Long AMD Daily ETF shares last traded at $70.75, with a volume of 794,608 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Price Performance

The company has a 50-day moving average of $65.38 and a 200 day moving average of $35.61.

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

Several institutional investors have recently modified their holdings of AMDL. Osaic Holdings Inc. increased 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 valued at $52,000 after purchasing an additional 1,645 shares during the last quarter. Thrive Wealth Management LLC bought a new stake in GraniteShares 2x Long AMD Daily ETF in the second quarter worth $238,000. Vestor Capital LLC lifted its position in GraniteShares 2x Long AMD Daily ETF by 145.5% in the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock worth $159,000 after buying an additional 6,074 shares during the last quarter. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF during the first quarter worth $122,000. Finally, HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth $108,000.

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.