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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $362.58, but opened at $397.21. GraniteShares 2x Long MU Daily ETF shares last traded at $434.99, with a volume of 211,617 shares traded.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock’s 50 day simple moving average is $180.91 and its two-hundred day simple moving average is $131.31.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its stake in GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares during the period. Hollencrest Capital Management purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Optiver Holding B.V. raised its stake in shares of GraniteShares 2x Long MU Daily ETF by 17.7% in the 3rd 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 during the period. Finally, Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000.

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.