GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) Shares Gap Up – Still a Buy?

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $42.43, but opened at $48.49. GraniteShares 2x Long AMD Daily ETF shares last traded at $51.94, with a volume of 1,073,332 shares.

GraniteShares 2x Long AMD Daily ETF Trading Up 30.9%

The stock’s fifty day moving average price is $65.72 and its 200 day moving average price is $36.67.

Hedge Funds Weigh In On GraniteShares 2x Long AMD Daily ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMDL. Client First Investment Management LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth $1,097,000. Thrive Wealth Management LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at $238,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at $524,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the first quarter valued at $1,726,000. Finally, Balboa Wealth Partners bought a new stake in GraniteShares 2x Long AMD Daily ETF in the 1st quarter worth about $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.