GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped up before the market opened on Monday . The stock had previously closed at $439.08, but opened at $471.83. GraniteShares 2x Long MU Daily ETF shares last traded at $448.04, with a volume of 113,149 shares changing hands.

GraniteShares 2x Long MU Daily ETF Trading Down 8.4%

The stock has a 50-day moving average price of $221.09 and a 200-day moving average price of $150.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $1,064,000. Optiver Holding B.V. increased its stake in GraniteShares 2x Long MU Daily ETF by 17.7% in the 3rd quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock worth $624,000 after purchasing an additional 2,590 shares during the period. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF in the 4th quarter worth approximately $90,000. Group One Trading LLC purchased a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $41,000. Finally, 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 worth $32,000 after purchasing an additional 296 shares during the period.

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.