GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Should You Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $25.79, but opened at $27.48. GraniteShares 2x Long MU Daily ETF shares last traded at $27.57, with a volume of 1,904,081 shares trading hands.

GraniteShares 2x Long MU Daily ETF Price Performance

The business’s 50 day moving average is $25.55 and its 200 day moving average is $12.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Securities USA Inc. acquired a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $1,064,000. Optiver Holding B.V. increased its holdings 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 during the period. Hollencrest Capital Management purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter worth approximately $90,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $41,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 296 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.