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

GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $47.27, but opened at $40.25. GraniteShares 2x Long AMD Daily ETF shares last traded at $35.9110, with a volume of 1,721,121 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Trading Down 30.5%

The business has a fifty day moving average price of $64.23 and a 200 day moving average price of $45.47.

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

Several hedge funds have recently modified their holdings of the stock. Client First Investment Management LLC acquired a new position in GraniteShares 2x Long AMD Daily ETF in the 2nd quarter worth approximately $1,097,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the 1st quarter valued at approximately $1,726,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMD Daily ETF during the 1st quarter worth $524,000. Simplex Trading LLC bought a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at about $819,000. Finally, StoneX Group Inc. acquired a new position in GraniteShares 2x Long AMD Daily ETF during the third quarter valued at approximately $688,000.

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.

Further Reading

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