GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report) traded down 8.7% during trading on Thursday. The company traded as low as $24.55 and last traded at $24.1330. Approximately 3,096,905 shares traded hands during trading, a decline of 68% from the average session volume of 9,603,852 shares. The stock had previously closed at $26.43.
GraniteShares 2x Long MU Daily ETF Stock Down 8.8%
The stock’s fifty day moving average is $22.06 and its two-hundred day moving average is $20.40.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $41,000. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at approximately $1,064,000. Finally, Optiver Holding B.V. lifted its stake 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 valued at $1,140,000 after purchasing an additional 9,784 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.
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