GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Falls 7% – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares fell 7% on Monday. The company traded as low as $24.63 and last traded at $24.5530. Approximately 1,473,050 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 9,732,895 shares. The stock had previously closed at $26.41.

GraniteShares 2x Long MU Daily ETF Stock Down 5.2%

The business has a 50 day moving average price of $21.29 and a 200-day moving average price of $19.37.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Group One Trading LLC bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth about $41,000. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at about $1,064,000. Finally, Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after purchasing 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.