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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped down prior to trading on Wednesday. The stock had previously closed at $24.45, but opened at $23.12. GraniteShares 2x Long MU Daily ETF shares last traded at $24.0460, with a volume of 1,074,239 shares traded.

GraniteShares 2x Long MU Daily ETF Price Performance

The firm’s fifty day moving average price is $21.81 and its 200-day moving average price is $20.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. increased its holdings 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 worth $1,140,000 after acquiring an additional 9,784 shares in the last quarter. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth about $1,064,000. Finally, Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at about $41,000.

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.