GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 4.6% – What’s Next?

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULLGet Free Report) traded down 4.6% during mid-day trading on Thursday . The stock traded as low as $19.61 and last traded at $20.28. 1,602,205 shares changed hands during trading, a decline of 84% from the average session volume of 10,234,896 shares. The stock had previously closed at $21.25.

GraniteShares 2x Long MU Daily ETF Trading Up 11.8%

The stock has a 50-day moving average price of $22.09 and a 200 day moving average price of $17.53.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in shares of 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 purchased a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $41,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $1,064,000. Finally, Optiver Holding B.V. raised its position 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 valued at $1,140,000 after purchasing an additional 9,784 shares during the last quarter.

About GraniteShares 2x Long MU Daily ETF

(Get Free Report)

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.

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