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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down before the market opened on Tuesday. The stock had previously closed at $73.94, but opened at $69.80. GraniteShares 2x Long AMD Daily ETF shares last traded at $72.8320, with a volume of 445,094 shares trading hands.

GraniteShares 2x Long AMD Daily ETF Trading Down 3.0%

The firm has a 50-day moving average of $61.91 and a 200 day moving average of $54.10.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $1,726,000. Client First Investment Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $1,097,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at $524,000. Thrive Wealth Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter valued at $238,000. Finally, Balboa Wealth Partners acquired a new position in GraniteShares 2x Long AMD Daily ETF during the first quarter worth $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.