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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down prior to trading on Tuesday . The stock had previously closed at $387.09, but opened at $367.63. GraniteShares 2x Long MU Daily ETF shares last traded at $432.51, with a volume of 421,558 shares traded.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock has a 50 day moving average of $225.73 and a 200 day moving average of $152.46.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MULL. Optiver Holding B.V. grew its holdings in 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 worth $624,000 after buying an additional 2,590 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in 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 in the last quarter. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the fourth quarter valued at about $90,000. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter valued at about $1,064,000. Finally, Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter valued at about $41,000.

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.