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

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped up prior to trading on Monday . The stock had previously closed at $579.00, but opened at $674.85. GraniteShares 2x Long MU Daily ETF shares last traded at $676.96, with a volume of 232,580 shares traded.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock’s 50-day moving average is $359.88 and its two-hundred day moving average is $209.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long MU Daily ETF by 17.7% during the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after purchasing an additional 2,590 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after buying an additional 296 shares in the last quarter. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter valued at approximately $90,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter valued at approximately $1,064,000. Finally, Group One Trading LLC purchased a new position in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at approximately $41,000.

About GraniteShares 2x Long MU Daily ETF

The GraniteShares 2x Long MU Daily ETF (MULL) 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 Micron Technology Inc (ticker: MU) stock. MULL was launched on Nov 11, 2024 and is issued by GraniteShares.