GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Up 12.6% – What’s Next?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) rose 12.6% during trading on Monday . The company traded as high as $564.06 and last traded at $535.86. Approximately 419,605 shares were traded during trading, a decline of 6% from the average daily volume of 445,948 shares. The stock had previously closed at $475.95.

GraniteShares 2x Long MU Daily ETF Stock Performance

The stock has a fifty day moving average price of $180.91 and a 200 day moving average price of $131.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MULL. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long MU Daily ETF by 17.7% during the 3rd quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock valued at $624,000 after acquiring an additional 2,590 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of GraniteShares 2x Long MU Daily ETF by 493.3% during 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. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter valued at about $90,000. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at about $1,064,000.

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.