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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped up prior to trading on Thursday . The stock had previously closed at $20.60, but opened at $21.87. GraniteShares 2x Long MU Daily ETF shares last traded at $20.48, with a volume of 2,036,673 shares.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company has a fifty day simple moving average of $24.26 and a 200-day simple moving average of $16.87.

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

A number of large investors have recently made changes to their positions in MULL. SBI Securities Co. Ltd. lifted its position 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 acquiring an additional 296 shares in the last quarter. Group One Trading LLC acquired a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $41,000. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF during the 4th quarter worth approximately $90,000. Optiver Holding B.V. grew 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 purchasing an additional 9,784 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $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.