GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Down – Time to Sell?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $73.79, but opened at $64.08. GraniteShares 2x Long AMD Daily ETF shares last traded at $64.00, with a volume of 1,093,285 shares traded.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The stock has a 50 day simple moving average of $60.59 and a 200-day simple moving average of $31.62.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings 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 buying an additional 1,645 shares during the last quarter. HUB Investment Partners LLC purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth $108,000. Balboa Wealth Partners purchased a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $122,000. Financial Engines Advisors L.L.C. bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at $149,000. Finally, CreativeOne Wealth LLC bought 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.