GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down prior to trading on Tuesday . The stock had previously closed at $538.36, but opened at $505.53. GraniteShares 2x Long MU Daily ETF shares last traded at $491.25, with a volume of 169,981 shares.

GraniteShares 2x Long MU Daily ETF Trading Down 7.3%

The business has a fifty day moving average of $208.19 and a 200-day moving average of $144.35.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at $41,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth $1,064,000. Hollencrest Capital Management purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter worth about $90,000. SBI Securities Co. Ltd. boosted its stake 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 valued at $32,000 after purchasing an additional 296 shares in the last quarter. Finally, Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long MU Daily ETF by 17.7% during the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after buying an additional 2,590 shares during the period.

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.