GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL – Get Free Report) dropped 6.5% on Tuesday . The stock traded as low as $824.34 and last traded at $824.34. Approximately 189,131 shares traded hands during trading, a decline of 58% from the average daily volume of 445,463 shares. The stock had previously closed at $881.85.
GraniteShares 2x Long MU Daily ETF Trading Down 6.0%
The company has a fifty day simple moving average of $432.30 and a two-hundred day simple moving average of $237.55.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st 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 last quarter. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $41,000. Mirae Asset Securities USA Inc. purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at about $1,064,000. Hollencrest Capital Management purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at about $90,000. Finally, 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 valued at $32,000 after acquiring an additional 296 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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