GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Up 226.7% in July

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 9,860,153 shares, a growth of 226.7% from the July 15th total of 3,017,676 shares. Currently, 34.8% of the company’s shares are short sold. Based on an average daily trading volume, of 10,446,392 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

A number of hedge funds have recently modified their holdings of MULL. Optiver Holding B.V. raised its stake 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 worth $1,140,000 after purchasing an additional 9,784 shares during the period. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $41,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $1,064,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth approximately $90,000. Finally, SBI Securities Co. Ltd. raised its position in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during 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 during the period.

GraniteShares 2x Long MU Daily ETF Stock Up 4.7%

Shares of MULL traded up $1.01 during midday trading on Friday, reaching $22.62. The company had a trading volume of 4,821,566 shares, compared to its average volume of 10,764,219. GraniteShares 2x Long MU Daily ETF has a 1-year low of $0.69 and a 1-year high of $43.53. The firm has a 50 day simple moving average of $25.55 and a 200-day simple moving average of $16.01.

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.