GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $24.42, but opened at $21.76. GraniteShares 2x Long MU Daily ETF shares last traded at $22.02, with a volume of 2,022,381 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The firm’s 50-day simple moving average is $25.31 and its two-hundred day simple moving average is $16.38.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. grew its holdings 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 buying 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 1st quarter worth $41,000. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF in the 4th quarter worth $90,000. Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $1,064,000. Finally, Optiver Holding B.V. lifted its position in GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st 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 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.