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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down before the market opened on Monday . The stock had previously closed at $25.81, but opened at $23.18. GraniteShares 2x Long MU Daily ETF shares last traded at $22.44, with a volume of 2,760,728 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock’s 50 day moving average is $26.51 and its 200 day moving average is $13.37.

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

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its position in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after acquiring an additional 296 shares in the last quarter. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at $41,000. Hollencrest Capital Management purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at $90,000. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $1,064,000. Finally, Optiver Holding B.V. raised its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after purchasing an additional 9,784 shares during the period.

GraniteShares 2x Long MU Daily ETF Company Profile

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.