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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $19.53, but opened at $20.98. GraniteShares 2x Long AMD Daily ETF shares last traded at $21.71, with a volume of 4,050,665 shares.

GraniteShares 2x Long AMD Daily ETF Trading Up 9.9%

The business’s 50 day simple moving average is $15.55 and its 200 day simple moving average is $10.82.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC boosted its holdings in shares of 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 buying an additional 537,911 shares in the last quarter. Simplex Trading LLC boosted its position in GraniteShares 2x Long AMD Daily ETF by 204.2% during the second quarter. Simplex Trading LLC now owns 421,723 shares of the company’s stock worth $3,588,000 after purchasing an additional 283,100 shares in the last quarter. GatePass Capital LLC purchased a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth $426,000. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth about $359,000. Finally, Lauer Wealth LLC raised its stake in GraniteShares 2x Long AMD Daily ETF by 43.4% in the 1st quarter. Lauer Wealth LLC now owns 40,995 shares of the company’s stock valued at $211,000 after purchasing an additional 12,415 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.