GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 11.2% – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) were down 11.2% during trading on Thursday . The company traded as low as $25.33 and last traded at $25.95. Approximately 11,292,495 shares traded hands during trading, an increase of 1% from the average daily volume of 11,129,235 shares. The stock had previously closed at $29.22.

GraniteShares 2x Long MU Daily ETF Stock Performance

The firm’s 50 day moving average is $24.17 and its 200-day moving average is $12.25.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. lifted its stake in shares of 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 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 first quarter valued at $41,000. Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at $1,064,000. Hollencrest Capital Management purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter valued at $90,000. Finally, SBI Securities Co. Ltd. increased its stake in GraniteShares 2x Long MU Daily ETF by 493.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $32,000 after purchasing 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.