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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $20.80, but opened at $18.06. GraniteShares 2x Long MU Daily ETF shares last traded at $17.23, with a volume of 5,927,694 shares trading hands.

GraniteShares 2x Long MU Daily ETF Trading Down 17.7%

The business’s 50-day simple moving average is $27.63 and its two-hundred day simple moving average is $14.80.

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

Large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. raised its holdings in GraniteShares 2x Long MU Daily ETF by 493.3% during the fourth 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 bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter worth about $41,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the fourth quarter worth about $90,000. Optiver Holding B.V. raised its holdings 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 worth $1,140,000 after acquiring an additional 9,784 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter valued at 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.