GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $13.67, but opened at $15.70. GraniteShares 2x Long MU Daily ETF shares last traded at $16.96, with a volume of 4,261,643 shares traded.

GraniteShares 2x Long MU Daily ETF Trading Down 12.0%

The firm’s 50 day simple moving average is $27.51 and its two-hundred day simple moving average is $15.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MULL. SBI Securities Co. Ltd. grew its position in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th 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 bought a new position in GraniteShares 2x Long MU Daily ETF in the first quarter worth about $41,000. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at approximately $90,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $1,064,000. Finally, Optiver Holding B.V. boosted its stake in 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 valued at $1,140,000 after acquiring 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.