GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Down – Here’s Why

Shares of GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) gapped down prior to trading 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 traded.

GraniteShares 2x Long MU Daily ETF Price Performance

The business has a 50-day moving average of $25.84 and a 200 day moving average of $13.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Securities USA Inc. bought a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth $1,064,000. Optiver Holding B.V. lifted its position in 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 purchasing an additional 9,784 shares during the last quarter. Hollencrest Capital Management bought a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter valued at $90,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long MU Daily ETF in the 1st quarter worth $41,000. Finally, SBI Securities Co. Ltd. grew 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 worth $32,000 after buying an additional 296 shares in 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.