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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $1,073.21, but opened at $834.25. GraniteShares 2x Long MU Daily ETF shares last traded at $853.18, with a volume of 189,753 shares trading hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The business’s 50 day moving average is $508.82 and its two-hundred day moving average is $267.17.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its stake in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after purchasing an additional 296 shares during the period. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $41,000. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth approximately $90,000. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long MU Daily ETF by 17.7% in the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock worth $624,000 after purchasing an additional 2,590 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $1,064,000.

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.