GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped up prior to trading on Monday. The stock had previously closed at $16.94, but opened at $18.25. GraniteShares 2x Long MU Daily ETF shares last traded at $18.26, with a volume of 1,466,809 shares changing hands.

GraniteShares 2x Long MU Daily ETF Trading Down 2.0%

The company has a fifty day moving average price of $22.37 and a 200 day moving average price of $21.33.

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

A number of institutional investors have recently added to or reduced their stakes in MULL. Optiver Holding B.V. increased its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock worth $1,140,000 after purchasing an additional 9,784 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter valued at $1,064,000. Finally, Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth $41,000.

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.