GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Sees Significant Growth in Short Interest

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,228,997 shares, a growth of 2,805.2% from the June 15th total of 42,303 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 10,190,923 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of large investors have recently modified their holdings of MULL. Optiver Holding B.V. raised its stake 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 valued at $1,140,000 after purchasing an additional 9,784 shares in the last quarter. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter worth about $1,064,000. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth about $90,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $41,000. Finally, SBI Securities Co. Ltd. increased its holdings 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 buying an additional 296 shares during the last quarter.

GraniteShares 2x Long MU Daily ETF Trading Down 2.5%

Shares of NASDAQ MULL traded down $0.67 on Friday, reaching $25.81. 7,465,380 shares of the company traded hands, compared to its average volume of 11,117,883. GraniteShares 2x Long MU Daily ETF has a fifty-two week low of $0.59 and a fifty-two week high of $43.53. The company has a 50 day moving average of $26.51 and a 200 day moving average of $13.30.

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.