GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 12.1% – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price traded down 12.1% on Monday . The company traded as low as $18.61 and last traded at $19.2090. 1,878,136 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 10,047,669 shares. The stock had previously closed at $21.85.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company’s 50 day simple moving average is $21.10 and its 200-day simple moving average is $18.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MULL. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $41,000. Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $1,064,000. Finally, Optiver Holding B.V. raised its stake in GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after buying an additional 9,784 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.