GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Up 226.7% in July

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 9,860,153 shares, a growth of 226.7% from the July 15th total of 3,017,676 shares. Based on an average daily trading volume, of 10,446,392 shares, the short-interest ratio is presently 0.9 days. Approximately 34.8% of the company’s shares are short sold.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

Several institutional investors have recently modified their holdings of MULL. SBI Securities Co. Ltd. increased its holdings 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 valued at $32,000 after purchasing an additional 296 shares during the period. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth $41,000. Hollencrest Capital Management acquired a new stake 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 GraniteShares 2x Long MU Daily ETF in the first quarter worth about $1,064,000. Finally, Optiver Holding B.V. grew its stake in shares of 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 purchasing an additional 9,784 shares during the last quarter.

GraniteShares 2x Long MU Daily ETF Stock Performance

GraniteShares 2x Long MU Daily ETF stock traded up $2.27 during midday trading on Thursday, hitting $22.19. 4,415,581 shares of the company were exchanged, compared to its average volume of 10,786,771. The company’s fifty day moving average price is $25.76 and its 200-day moving average price is $15.85. GraniteShares 2x Long MU Daily ETF has a fifty-two week low of $0.69 and a fifty-two week high of $43.53.

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.