GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Shares Gap Up – Should You Buy?

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $18.12, but opened at $20.00. GraniteShares 2x Long MU Daily ETF shares last traded at $20.54, with a volume of 2,423,479 shares.

GraniteShares 2x Long MU Daily ETF Trading Up 8.5%

The stock’s fifty day simple moving average is $25.57 and its 200 day simple moving average is $15.96.

Institutional Investors Weigh In On GraniteShares 2x Long MU Daily ETF

A number of hedge funds have recently modified their holdings of MULL. Optiver Holding B.V. raised its holdings in 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 purchasing an additional 9,784 shares during the period. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter valued at about $41,000. Mirae Asset Securities USA Inc. bought a new stake in GraniteShares 2x Long MU Daily ETF during the first quarter valued at about $1,064,000. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long MU Daily ETF during the fourth quarter valued at about $90,000. Finally, SBI Securities Co. Ltd. increased its position in GraniteShares 2x Long MU Daily ETF by 493.3% in 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 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.