GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Down 6.4% – Should You Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) dropped 6.4% on Thursday . The company traded as low as $350.18 and last traded at $362.58. Approximately 331,085 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 446,306 shares. The stock had previously closed at $387.35.

GraniteShares 2x Long MU Daily ETF Price Performance

The business has a 50 day moving average price of $180.91 and a two-hundred day moving average price of $131.31.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

Hedge funds have recently made changes to their positions in the company. Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth about $1,064,000. Hollencrest Capital Management purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter worth about $90,000. SBI Securities Co. Ltd. lifted its position 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 worth $32,000 after buying an additional 296 shares in the last quarter. Finally, Optiver Holding B.V. lifted its position 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 worth $624,000 after buying 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.