GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Down 37.8% in August

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 6,134,519 shares, a decrease of 37.8% from the July 30th total of 9,860,153 shares. Currently, 21.7% of the company’s shares are short sold. Based on an average trading volume of 6,985,241 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its stake 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 worth $32,000 after acquiring an additional 296 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the fourth quarter worth approximately $90,000. Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $1,064,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $41,000. Finally, Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% during the first 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 period.

GraniteShares 2x Long MU Daily ETF Trading Up 2.8%

NASDAQ MULL traded up $0.56 on Wednesday, hitting $20.86. 2,769,782 shares of the stock were exchanged, compared to its average volume of 10,278,615. GraniteShares 2x Long MU Daily ETF has a 52-week low of $0.74 and a 52-week high of $43.53. The company’s 50-day moving average price is $22.92 and its two-hundred day moving average price is $17.28.

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.