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

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDLGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $75.72, but opened at $63.93. GraniteShares 2x Long AMD Daily ETF shares last traded at $67.72, with a volume of 1,333,839 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Price Performance

The business’s fifty day moving average price is $49.67 and its two-hundred day moving average price is $27.11.

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

Institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its position in shares of GraniteShares 2x Long AMD Daily ETF by 48.1% in the 4th quarter. UBS Group AG now owns 1,500,000 shares of the company’s stock worth $23,325,000 after purchasing an additional 487,097 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter worth $149,000. Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at about $276,000. CreativeOne Wealth LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF during the 3rd quarter valued at about $157,000. Finally, Group One Trading LLC raised its stake in GraniteShares 2x Long AMD Daily ETF by 261.5% in the second 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 during the last quarter.

GraniteShares 2x Long AMD Daily ETF Company Profile

(Get Free Report)

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.

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