GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Up 15.7% – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULLGet Free Report) shares were up 15.7% on Thursday . The company traded as high as $28.21 and last traded at $28.13. Approximately 4,280,034 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 11,085,010 shares. The stock had previously closed at $24.32.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company has a 50-day simple moving average of $25.84 and a 200-day simple moving average of $13.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at $1,064,000. Optiver Holding B.V. grew its stake in shares of 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 during the period. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth $90,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $41,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after purchasing an additional 296 shares during the period.

About GraniteShares 2x Long MU Daily ETF

(Get Free Report)

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.

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