GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Up 6.2% – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price rose 6.2% on Friday . The company traded as high as $20.89 and last traded at $20.43. 9,937,599 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 11,057,689 shares. The stock had previously closed at $19.24.

GraniteShares 2x Long MU Daily ETF Trading Down 1.2%

The company’s fifty day moving average is $27.24 and its 200-day moving average is $13.94.

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

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its holdings in shares of 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 valued at $32,000 after buying an additional 296 shares during the period. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth about $41,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth about $90,000. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF during the first quarter valued at approximately $1,064,000. Finally, Optiver Holding B.V. raised 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 valued at $1,140,000 after acquiring an additional 9,784 shares in the last quarter.

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.