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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down before the market opened on Monday . The stock had previously closed at $22.03, but opened at $20.58. GraniteShares 2x Long MU Daily ETF shares last traded at $18.80, with a volume of 1,257,505 shares.

GraniteShares 2x Long MU Daily ETF Stock Down 14.6%

The stock has a fifty day simple moving average of $25.02 and a two-hundred day simple moving average of $16.58.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Hedge funds have recently modified their holdings of the stock. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $1,064,000. Optiver Holding B.V. grew its holdings in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after purchasing an additional 9,784 shares during the period. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth $90,000. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000. Finally, SBI Securities Co. Ltd. increased its stake in 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 valued at $32,000 after purchasing an additional 296 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.