GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Should You Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $669.21, but opened at $625.00. GraniteShares 2x Long MU Daily ETF shares last traded at $660.90, with a volume of 147,365 shares.

GraniteShares 2x Long MU Daily ETF Price Performance

The firm’s 50-day simple moving average is $382.24 and its 200 day simple moving average is $218.25.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. raised its position in GraniteShares 2x Long MU Daily ETF by 17.7% in the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock worth $624,000 after acquiring an additional 2,590 shares in the last quarter. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth $1,064,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter worth $90,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth $41,000. Finally, SBI Securities Co. Ltd. grew 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 acquiring an additional 296 shares during the last quarter.

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.