GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Up 226.7% in July

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,860,153 shares, an increase of 226.7% from the July 15th total of 3,017,676 shares. Based on an average daily volume of 10,446,392 shares, the short-interest ratio is presently 0.9 days. Approximately 34.8% of the shares of the company are short sold.

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

Several hedge funds and other institutional investors have recently made changes to their positions in MULL. SBI Securities Co. Ltd. lifted its position in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 shares during the last quarter. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $41,000. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF in the 4th quarter worth approximately $90,000. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $1,064,000. Finally, Optiver Holding B.V. boosted its position in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after acquiring an additional 9,784 shares during the period.

GraniteShares 2x Long MU Daily ETF Price Performance

Shares of GraniteShares 2x Long MU Daily ETF stock traded up $2.27 on Thursday, reaching $22.19. The stock had a trading volume of 4,415,581 shares, compared to its average volume of 10,786,771. The business’s 50-day moving average price is $25.76 and its two-hundred day moving average price is $15.85. GraniteShares 2x Long MU Daily ETF has a fifty-two week low of $0.69 and a fifty-two week high of $43.53.

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.