GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $17.93, but opened at $17.06. GraniteShares 2x Long MU Daily ETF shares last traded at $18.3470, with a volume of 1,289,335 shares trading hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The business’s 50-day simple moving average is $22.34 and its two-hundred day simple moving average is $21.43.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Several hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. grew its stake 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 in the last quarter. Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $1,064,000. Finally, Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $41,000.

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.