GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Down 10.4% – Should You Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares dropped 10.4% during mid-day trading on Wednesday . The company traded as low as $698.99 and last traded at $707.05. 340,260 shares traded hands during trading, a decline of 23% from the average session volume of 443,149 shares. The stock had previously closed at $789.39.

GraniteShares 2x Long MU Daily ETF Trading Down 4.5%

The company has a 50-day moving average price of $521.39 and a 200-day moving average price of $272.28.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. raised its holdings in 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 purchasing an additional 9,784 shares during the period. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $41,000. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Finally, SBI Securities Co. Ltd. raised its stake in GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after buying an additional 296 shares during the period.

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.