GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $19.00, but opened at $20.59. GraniteShares 2x Long MU Daily ETF shares last traded at $20.55, with a volume of 2,246,409 shares traded.

GraniteShares 2x Long MU Daily ETF Price Performance

The stock’s 50-day simple moving average is $27.24 and its 200-day simple moving average is $14.01.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. increased its position in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after acquiring an additional 296 shares during the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth $90,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. Finally, Optiver Holding B.V. grew its stake in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st 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.

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.