GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 12.1% – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) fell 12.1% during mid-day trading on Monday . The stock traded as low as $18.61 and last traded at $19.2090. 1,878,136 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 10,047,669 shares. The stock had previously closed at $21.85.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock’s 50 day moving average is $21.32 and its 200 day moving average is $18.17.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter worth $90,000. 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. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $41,000. Finally, Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $1,064,000.

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.