GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Down 37.8% in August

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 6,134,519 shares, a decrease of 37.8% from the July 30th total of 9,860,153 shares. Approximately 21.7% of the shares of the company are sold short. Based on an average daily volume of 6,985,241 shares, the days-to-cover ratio is currently 0.9 days.

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

A number of institutional investors have recently added to or reduced their stakes in MULL. Optiver Holding B.V. grew its holdings in shares of 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 last quarter. Group One Trading LLC bought a new position in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth $41,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $1,064,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at about $90,000. Finally, SBI Securities Co. Ltd. grew 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 during the last quarter.

GraniteShares 2x Long MU Daily ETF Stock Performance

MULL opened at $20.34 on Monday. The business has a fifty day simple moving average of $23.57 and a 200 day simple moving average of $17.07. GraniteShares 2x Long MU Daily ETF has a 1 year low of $0.70 and a 1 year high of $43.53.

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.