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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) gapped down prior to trading on Tuesday . The stock had previously closed at $57.33, but opened at $50.61. GraniteShares 2x Long AMD Daily ETF shares last traded at $47.75, with a volume of 1,068,379 shares.

GraniteShares 2x Long AMD Daily ETF Stock Performance

The company’s 50 day moving average is $65.90 and its 200-day moving average is $36.24.

Institutional Trading of GraniteShares 2x Long AMD Daily ETF

Several large investors have recently made changes to their positions in AMDL. Thrive Wealth Management LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 2nd quarter worth approximately $238,000. Osaic Holdings Inc. grew its stake in GraniteShares 2x Long AMD Daily ETF by 36.6% in 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 period. Balboa Wealth Partners bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at approximately $122,000. Vestor Capital LLC increased its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 145.5% during the fourth quarter. Vestor Capital LLC now owns 10,250 shares of the company’s stock valued at $159,000 after acquiring an additional 6,074 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter worth approximately $108,000.

About GraniteShares 2x Long AMD Daily ETF

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.