GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down before the market opened on Thursday . The stock had previously closed at $19.32, but opened at $17.09. GraniteShares 2x Long MU Daily ETF shares last traded at $18.20, with a volume of 2,791,243 shares traded.

GraniteShares 2x Long MU Daily ETF Stock Performance

The business has a 50-day simple moving average of $27.16 and a 200-day simple moving average of $15.41.

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

Several large investors have recently modified their holdings of MULL. Optiver Holding B.V. raised its holdings 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 valued at $1,140,000 after buying an additional 9,784 shares during the period. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth $90,000. Group One Trading LLC bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter valued at $41,000. Finally, SBI Securities Co. Ltd. increased its position in GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after acquiring an additional 296 shares during 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.