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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) shares gapped up before the market opened on Wednesday. The stock had previously closed at $18.65, but opened at $19.95. GraniteShares 2x Long MU Daily ETF shares last traded at $20.4460, with a volume of 1,807,722 shares traded.

GraniteShares 2x Long MU Daily ETF Stock Up 8.5%

The stock has a fifty day simple moving average of $21.87 and a two-hundred day simple moving average of $16.87.

Institutional Trading of GraniteShares 2x Long MU Daily ETF

Hedge funds have recently added to or reduced their stakes in the stock. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long MU Daily ETF during the first quarter valued at about $41,000. Mirae Asset Securities USA Inc. acquired a new position in GraniteShares 2x Long MU Daily ETF in the first quarter valued at $1,064,000. Finally, Optiver Holding B.V. lifted 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 purchasing an additional 9,784 shares during the period.

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.