GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Sets New 12-Month High – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $590.00 and last traded at $590.00, with a volume of 138652 shares trading hands. The stock had previously closed at $467.09.

GraniteShares 2x Long MU Daily ETF Stock Up 38.5%

The firm’s 50 day moving average price is $255.65 and its 200-day moving average price is $166.21.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its holdings 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 worth $32,000 after purchasing an additional 296 shares in the last quarter. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the fourth quarter valued at $90,000. Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Long MU Daily ETF by 17.7% during the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after buying an additional 2,590 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter valued at $1,064,000.

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.