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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped down prior to trading on Tuesday . The stock had previously closed at $56.97, but opened at $52.72. GraniteShares 2x Long AMD Daily ETF shares last traded at $52.03, with a volume of 684,180 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Stock Down 9.9%

The stock’s fifty day simple moving average is $62.82 and its 200 day simple moving average is $39.91.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its position in GraniteShares 2x Long AMD Daily ETF by 36.6% during the second quarter. Osaic Holdings Inc. now owns 6,145 shares of the company’s stock valued at $52,000 after acquiring an additional 1,645 shares during the last quarter. HUB Investment Partners LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF in the second quarter worth $108,000. Balboa Wealth Partners acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter worth $122,000. Financial Engines Advisors L.L.C. acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the third quarter worth $149,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at $157,000.

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.