GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Up 2,805.2% in June

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,228,997 shares, a growth of 2,805.2% from the June 15th total of 42,303 shares. Based on an average trading volume of 10,190,923 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.9% of the company’s stock are short sold.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in 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 worth $32,000 after acquiring an additional 296 shares during the period. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000. Hollencrest Capital Management purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at $90,000. Optiver Holding B.V. grew its position 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 valued at $1,140,000 after purchasing an additional 9,784 shares during the period. Finally, Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at $1,064,000.

GraniteShares 2x Long MU Daily ETF Trading Down 2.5%

MULL traded down $0.67 during trading on Friday, hitting $25.81. 7,465,380 shares of the stock were exchanged, compared to its average volume of 11,117,883. GraniteShares 2x Long MU Daily ETF has a 1-year low of $0.59 and a 1-year high of $43.53. The stock has a fifty day moving average price of $26.51 and a two-hundred day moving average price of $13.30.

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.