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

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped up before the market opened on Thursday . The stock had previously closed at $13.67, but opened at $15.70. GraniteShares 2x Long MU Daily ETF shares last traded at $16.96, with a volume of 4,261,643 shares traded.

GraniteShares 2x Long MU Daily ETF Stock Up 32.6%

The stock’s 50 day moving average is $27.56 and its 200 day moving average is $14.95.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its stake in 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 last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $41,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at $90,000. Optiver Holding B.V. increased 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 during the last quarter. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth $1,064,000.

GraniteShares 2x Long MU Daily ETF Company Profile

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.