Investors Purchase High Volume of Call Options on GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw unusually large options trading on Monday. Traders bought 2,584 call options on the stock. This represents an increase of 87% compared to the average daily volume of 1,380 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its stake in GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares during the last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $41,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at about $90,000. Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth about $1,064,000. Finally, Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after buying an additional 9,784 shares in the last quarter.

GraniteShares 2x Long MU Daily ETF Stock Performance

Shares of NASDAQ:MULL traded up $1.39 during trading on Monday, reaching $27.18. The stock had a trading volume of 4,451,336 shares, compared to its average volume of 11,113,095. The business has a fifty day moving average price of $24.89 and a 200-day moving average price of $12.58. GraniteShares 2x Long MU Daily ETF has a 1-year low of $0.59 and a 1-year high of $43.53.

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.