GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Trading Down 11.2% – Time to Sell?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULLGet Free Report)’s stock price fell 11.2% on Thursday . The company traded as low as $25.33 and last traded at $25.95. Approximately 11,292,495 shares were traded during trading, an increase of 1% from the average daily volume of 11,129,235 shares. The stock had previously closed at $29.22.

GraniteShares 2x Long MU Daily ETF Price Performance

The stock’s 50-day moving average price is $24.89 and its 200-day moving average price is $12.51.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

A number of institutional investors have recently bought and sold shares of MULL. SBI Securities Co. Ltd. lifted its stake in shares of 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 purchasing an additional 296 shares during the period. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 4th quarter worth approximately $90,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $1,064,000. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at $41,000. Finally, Optiver Holding B.V. increased its stake in shares of GraniteShares 2x Long MU Daily ETF by 1,046.4% in the 1st quarter. Optiver Holding B.V. now owns 10,719 shares of the company’s stock valued at $1,140,000 after acquiring an additional 9,784 shares in the last quarter.

About GraniteShares 2x Long MU Daily ETF

(Get Free Report)

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.

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