GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped down prior to trading on Wednesday . The stock had previously closed at $36.82, but opened at $32.10. GraniteShares 2x Long MU Daily ETF shares last traded at $33.00, with a volume of 3,033,529 shares trading hands.

GraniteShares 2x Long MU Daily ETF Price Performance

The firm’s 50 day moving average price is $23.73 and its 200-day moving average price is $12.07.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

A number of hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th 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 bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in 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 in the first quarter valued at about $1,064,000. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth about $41,000. Finally, Optiver Holding B.V. grew its position in GraniteShares 2x Long MU Daily ETF by 1,046.4% during the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after buying an additional 9,784 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.