GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Jumps 5.1% – Should You Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares were up 5.1% during trading on Tuesday. The company traded as high as $26.34 and last traded at $26.3110. Approximately 1,969,100 shares were traded during mid-day trading, a decline of 80% from the average session volume of 9,710,410 shares. The stock had previously closed at $25.03.

GraniteShares 2x Long MU Daily ETF Trading Up 2.7%

The business has a 50 day simple moving average of $21.40 and a two-hundred day simple moving average of $19.50.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Hedge funds have recently made changes to their positions in the stock. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $1,064,000. Finally, Optiver Holding B.V. grew its holdings in 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 worth $1,140,000 after acquiring an additional 9,784 shares in the last quarter.

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.