GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Hits New 1-Year High – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $1,088.16 and last traded at $1,019.38, with a volume of 192954 shares changing hands. The stock had previously closed at $780.12.

GraniteShares 2x Long MU Daily ETF Stock Up 26.0%

The stock has a fifty day moving average price of $533.68 and a 200-day moving average price of $277.36.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of 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. Group One Trading LLC acquired a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $41,000. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at approximately $90,000. Optiver Holding B.V. lifted its position 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. Finally, Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $1,064,000.

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.