GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Time to Sell?

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down before the market opened on Tuesday . The stock had previously closed at $26.26, but opened at $22.90. GraniteShares 2x Long MU Daily ETF shares last traded at $22.87, with a volume of 4,499,286 shares trading hands.

GraniteShares 2x Long MU Daily ETF Stock Down 13.9%

The company’s fifty day moving average price is $24.89 and its 200-day moving average price is $12.58.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Several institutional investors have recently added to or reduced their stakes in MULL. Optiver Holding B.V. grew its stake 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 valued at $1,140,000 after buying an additional 9,784 shares during the last quarter. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $41,000. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at $1,064,000. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at $90,000. Finally, SBI Securities Co. Ltd. grew its position 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 during 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.