GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Down 15.9% – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) traded down 15.9% on Tuesday . The stock traded as low as $138.56 and last traded at $142.83. 494,843 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 431,816 shares. The stock had previously closed at $169.79.

GraniteShares 2x Long MU Daily ETF Stock Down 2.1%

The firm has a 50 day moving average price of $148.96 and a 200 day moving average price of $84.15.

GraniteShares 2x Long MU Daily ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were issued a dividend of $0.3468 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth about $90,000. SBI Securities Co. Ltd. boosted its stake 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 worth $32,000 after buying an additional 296 shares during the last quarter. Finally, Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Long MU Daily ETF by 17.7% in the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after acquiring an additional 2,590 shares in the last quarter.

GraniteShares 2x Long MU Daily ETF Company Profile

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.