GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Up 13.4% – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) rose 13.4% on Tuesday . The stock traded as high as $19.12 and last traded at $18.95. Approximately 2,768,707 shares traded hands during trading, a decline of 75% from the average daily volume of 10,959,835 shares. The stock had previously closed at $16.71.

GraniteShares 2x Long MU Daily ETF Trading Up 16.4%

The company has a fifty day simple moving average of $27.47 and a 200-day simple moving average of $15.21.

Institutional Inflows and Outflows

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