GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Up 7.5% – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price rose 7.5% during mid-day trading on Thursday . The stock traded as high as $25.97 and last traded at $25.66. 3,029,534 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 10,966,835 shares. The stock had previously closed at $23.87.

GraniteShares 2x Long MU Daily ETF Stock Performance

The company’s 50 day moving average is $27.33 and its 200 day moving average is $14.41.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the first quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after buying an additional 9,784 shares during the period. Group One Trading LLC bought a new position in GraniteShares 2x Long MU Daily ETF during the first quarter valued at about $41,000. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter valued at about $90,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $1,064,000. Finally, SBI Securities Co. Ltd. raised its holdings in GraniteShares 2x Long MU Daily ETF by 493.3% in the 4th 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.

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.