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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped down prior to trading on Wednesday . The stock had previously closed at $24.45, but opened at $22.80. GraniteShares 2x Long MU Daily ETF shares last traded at $24.06, with a volume of 2,112,605 shares changing hands.

GraniteShares 2x Long MU Daily ETF Stock Up 0.8%

The business has a fifty day simple moving average of $27.29 and a 200 day simple moving average of $14.27.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

A number of institutional investors have recently modified their holdings of MULL. SBI Securities Co. Ltd. grew its stake 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 in the last quarter. Group One Trading LLC acquired a new stake in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth about $41,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF in the 4th quarter worth about $90,000. Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth about $1,064,000. Finally, Optiver Holding B.V. boosted its holdings 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 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.