GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Down 37.8% in August

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 6,134,519 shares, a decrease of 37.8% from the July 30th total of 9,860,153 shares. Based on an average daily trading volume, of 6,985,241 shares, the days-to-cover ratio is presently 0.9 days. Approximately 21.7% of the company’s shares are short sold.

GraniteShares 2x Long MU Daily ETF Price Performance

Shares of MULL stock opened at $20.34 on Monday. GraniteShares 2x Long MU Daily ETF has a 52-week low of $0.70 and a 52-week high of $43.53. The firm’s 50 day moving average price is $23.57 and its two-hundred day moving average price is $17.07.

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

Institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. raised its position in shares of 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 worth $1,140,000 after purchasing an additional 9,784 shares during the period. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long MU Daily ETF in the 4th quarter valued at about $90,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter worth approximately $41,000. Finally, SBI Securities Co. Ltd. increased 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.

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.