GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Update

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,603,210 shares, a growth of 89.1% from the August 15th total of 6,134,519 shares. Currently, 41.0% of the company’s shares are sold short. Based on an average trading volume of 4,585,307 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. raised its position in 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 acquiring an additional 9,784 shares in the last quarter. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $41,000. Finally, Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth approximately $1,064,000.

GraniteShares 2x Long MU Daily ETF Trading Up 10.9%

MULL traded up $2.14 during mid-day trading on Thursday, hitting $21.77. The stock had a trading volume of 4,149,084 shares, compared to its average volume of 9,952,168. GraniteShares 2x Long MU Daily ETF has a 1-year low of $1.24 and a 1-year high of $43.53. The stock’s fifty day simple moving average is $21.01 and its 200-day simple moving average is $18.43.

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.