GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Up 5.1% – Here’s Why

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price rose 5.1% during trading on Tuesday. The company traded as high as $26.34 and last traded at $26.3110. 1,969,100 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 9,710,410 shares. The stock had previously closed at $25.03.

GraniteShares 2x Long MU Daily ETF Stock Up 2.7%

The company has a fifty day moving average of $21.40 and a two-hundred day moving average of $19.50.

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

Several large investors have recently added to or reduced their stakes in MULL. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000. Optiver Holding B.V. boosted its position in 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 valued at $1,140,000 after purchasing an additional 9,784 shares during the period. Finally, Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth $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.