GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Sees Significant Increase in Short Interest

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 11,603,210 shares, an increase of 89.1% from the August 15th total of 6,134,519 shares. Approximately 41.0% of the shares of the stock are short sold. Based on an average daily volume of 4,585,307 shares, the days-to-cover ratio is currently 2.5 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC bought 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. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $1,064,000. Finally, Optiver Holding B.V. raised its holdings 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 in the last quarter.

GraniteShares 2x Long MU Daily ETF Trading Up 10.9%

Shares of MULL stock opened at $21.77 on Friday. GraniteShares 2x Long MU Daily ETF has a 1 year low of $1.24 and a 1 year high of $43.53. The business’s fifty day moving average is $20.91 and its 200-day moving average is $18.54.

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.