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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $669.21, but opened at $625.00. GraniteShares 2x Long MU Daily ETF shares last traded at $660.90, with a volume of 147,365 shares changing hands.

GraniteShares 2x Long MU Daily ETF Price Performance

The business’s 50-day moving average price is $405.20 and its 200-day moving average price is $227.07.

Hedge Funds Weigh In On GraniteShares 2x Long MU Daily ETF

Several institutional investors and hedge funds have recently bought and sold shares of MULL. SBI Securities Co. Ltd. grew its stake in 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 worth $32,000 after buying an additional 296 shares during the last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter valued at about $41,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF in the fourth quarter worth about $90,000. Optiver Holding B.V. boosted its holdings in GraniteShares 2x Long MU Daily ETF by 17.7% in the third quarter. Optiver Holding B.V. now owns 17,213 shares of the company’s stock worth $624,000 after acquiring an additional 2,590 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth about $1,064,000.

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.