GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Up 7.8% – Time to Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price rose 7.8% during trading on Friday . The company traded as high as $23.16 and last traded at $22.9950. 1,883,071 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 10,202,527 shares. The stock had previously closed at $21.34.

GraniteShares 2x Long MU Daily ETF Trading Up 8.3%

The stock’s fifty day simple moving average is $22.32 and its 200-day simple moving average is $17.48.

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

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its position 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 acquiring an additional 296 shares during the period. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $41,000. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Optiver Holding B.V. grew its holdings in shares of 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 during the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $1,064,000.

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.