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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL) shares gapped down before the market opened on Thursday. The stock had previously closed at $63.15, but opened at $56.66. GraniteShares 2x Long AMD Daily ETF shares last traded at $56.3280, with a volume of 457,202 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Price Performance

The firm’s fifty day moving average price is $63.47 and its two-hundred day moving average price is $56.65.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrive Wealth Management LLC purchased a new position in GraniteShares 2x Long AMD Daily ETF during the second quarter worth about $238,000. SBI Securities Co. Ltd. raised its holdings in shares of GraniteShares 2x Long AMD Daily ETF by 18.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,014 shares of the company’s stock valued at $317,000 after acquiring an additional 621 shares in the last quarter. Balboa Wealth Partners purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at about $122,000. Client First Investment Management LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 2nd quarter valued at about $1,097,000. Finally, Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $524,000.

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.