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

by · The Markets Daily

Shares of GraniteShares 2x Long AMD Daily ETF (NASDAQ:AMDL – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $80.30, but opened at $76.66. GraniteShares 2x Long AMD Daily ETF shares last traded at $80.3630, with a volume of 858,269 shares changing hands.

GraniteShares 2x Long AMD Daily ETF Price Performance

The stock has a fifty day moving average price of $55.84 and a 200 day moving average price of $47.74.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Balboa Wealth Partners purchased a new position in GraniteShares 2x Long AMD Daily ETF during the 1st quarter valued at about $122,000. Thrive Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long AMD Daily ETF during the second quarter valued at about $238,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter worth about $524,000. Client First Investment Management LLC purchased a new stake in shares of GraniteShares 2x Long AMD Daily ETF in the second quarter worth about $1,097,000. Finally, IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long AMD Daily ETF in the first quarter valued at approximately $1,726,000.

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.

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