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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down before the market opened on Tuesday . The stock had previously closed at $538.36, but opened at $505.53. GraniteShares 2x Long MU Daily ETF shares last traded at $491.25, with a volume of 169,981 shares.

GraniteShares 2x Long MU Daily ETF Trading Down 20.5%

The firm’s fifty day moving average price is $194.08 and its 200-day moving average price is $137.71.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Several large investors have recently added to or reduced their stakes in MULL. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth $90,000. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. SBI Securities Co. Ltd. increased its position in shares of 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 in the last quarter. Finally, Optiver Holding B.V. raised its stake in GraniteShares 2x Long MU Daily ETF by 17.7% during the 3rd quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock worth $624,000 after buying an additional 2,590 shares during the period.

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.