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

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down prior to trading on Tuesday . The stock had previously closed at $20.80, but opened at $18.06. GraniteShares 2x Long MU Daily ETF shares last traded at $17.23, with a volume of 5,927,694 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $14.80.

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

A number of institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in 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 last quarter. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $41,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at approximately $90,000. Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter valued at approximately $1,064,000. Finally, Optiver Holding B.V. increased its position in shares of 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 during 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.