GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Up 13.4% – Still a Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares rose 13.4% on Tuesday . The company traded as high as $19.12 and last traded at $18.95. Approximately 2,768,707 shares were traded during trading, a decline of 75% from the average session volume of 10,959,835 shares. The stock had previously closed at $16.71.

GraniteShares 2x Long MU Daily ETF Stock Up 16.4%

The firm’s fifty day moving average is $27.47 and its two-hundred day moving average is $15.21.

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

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its position in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares in the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at approximately $41,000. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at approximately $90,000. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $1,064,000. Finally, Optiver Holding B.V. lifted its holdings in GraniteShares 2x Long MU Daily ETF by 1,046.4% in 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 in 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.