GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Break Above 200 Day Moving Average – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $16.73 and traded as high as $18.14. GraniteShares 2x Long MU Daily ETF shares last traded at $17.67, with a volume of 4,317,819 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The business has a 50-day moving average price of $21.86 and a 200 day moving average price of $16.95.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

A number of institutional investors and hedge funds have recently modified their holdings of MULL. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter valued at $41,000. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth about $1,064,000. Finally, Optiver Holding B.V. increased its stake in GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st 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 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.