GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Stock Price Down 11.4% – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) traded down 11.4% on Friday . The company traded as low as $22.53 and last traded at $22.56. Approximately 1,426,620 shares were traded during trading, a decline of 87% from the average daily volume of 10,937,431 shares. The stock had previously closed at $25.45.

GraniteShares 2x Long MU Daily ETF Price Performance

The firm’s fifty day moving average price is $27.44 and its 200-day moving average price is $14.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% in the fourth 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 acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at approximately $90,000. Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $1,064,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at approximately $41,000. Finally, Optiver Holding B.V. increased its stake in 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 in the last quarter.

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.