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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped up prior to trading on Friday. The stock had previously closed at $26.33, but opened at $27.10. GraniteShares 2x Long MU Daily ETF shares last traded at $26.8870, with a volume of 1,257,429 shares changing hands.

GraniteShares 2x Long MU Daily ETF Trading Down 0.6%

The firm has a fifty day simple moving average of $21.14 and a 200-day simple moving average of $19.22.

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

A number of large investors have recently made changes to their positions in MULL. Optiver Holding B.V. increased its position in GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st 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 during the period. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $41,000. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $1,064,000.

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.