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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped up before the market opened on Thursday . The stock had previously closed at $19.63, but opened at $20.81. GraniteShares 2x Long MU Daily ETF shares last traded at $21.6870, with a volume of 2,020,658 shares traded.

GraniteShares 2x Long MU Daily ETF Trading Up 11.0%

The business has a 50 day simple moving average of $21.01 and a two-hundred day simple moving average of $18.43.

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

Several large investors have recently added to or reduced their stakes in the business. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at about $41,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $1,064,000. Finally, Optiver Holding B.V. boosted its position in shares of 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 worth $1,140,000 after acquiring an additional 9,784 shares during the last quarter.

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.