GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down before the market opened on Wednesday . The stock had previously closed at $24.45, but opened at $22.80. GraniteShares 2x Long MU Daily ETF shares last traded at $24.06, with a volume of 2,112,605 shares traded.

GraniteShares 2x Long MU Daily ETF Price Performance

The business’s 50 day simple moving average is $27.29 and its 200 day simple moving average is $14.27.

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

Hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth about $90,000. Optiver Holding B.V. raised its stake in 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 valued at $1,140,000 after buying an additional 9,784 shares during the period. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $41,000. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $1,064,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of 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 acquiring an additional 296 shares during the period.

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.