GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report) shares gapped up prior to trading on Monday. The stock had previously closed at $16.94, but opened at $18.25. GraniteShares 2x Long MU Daily ETF shares last traded at $18.26, with a volume of 1,466,809 shares trading hands.

GraniteShares 2x Long MU Daily ETF Trading Up 10.0%

The company’s 50 day moving average price is $22.38 and its 200-day moving average price is $21.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. grew its position in 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 period. Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter worth about $1,064,000. Finally, Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth about $41,000.

GraniteShares 2x Long MU Daily ETF Company Profile

(Get Free Report)

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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