GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Down 6.5% – Here’s What Happened

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price were down 6.5% during trading on Tuesday . The company traded as low as $824.34 and last traded at $824.34. Approximately 189,131 shares traded hands during trading, a decline of 58% from the average daily volume of 445,463 shares. The stock had previously closed at $881.85.

GraniteShares 2x Long MU Daily ETF Trading Down 6.0%

The stock has a fifty day moving average of $432.30 and a 200 day moving average of $237.55.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted 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 acquiring an additional 296 shares in the last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth about $41,000. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 4th quarter worth about $90,000. Optiver Holding B.V. increased its holdings in 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 worth $624,000 after purchasing an additional 2,590 shares during the period. Finally, Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long MU Daily ETF during the 1st quarter worth 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.