GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Short Interest Update

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 109,278 shares, a growth of 113.4% from the May 14th total of 51,198 shares. Based on an average daily volume of 456,963 shares, the short-interest ratio is currently 0.2 days. Approximately 9.4% of the shares of the stock are sold short.

GraniteShares 2x Long MU Daily ETF Stock Performance

NASDAQ MULL traded down $22.68 during mid-day trading on Friday, hitting $723.12. The stock had a trading volume of 312,502 shares, compared to its average volume of 449,054. GraniteShares 2x Long MU Daily ETF has a 52-week low of $14.68 and a 52-week high of $943.00. The company has a 50 day simple moving average of $417.15 and a 200 day simple moving average of $230.54.

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

Several hedge funds have recently bought and sold shares of MULL. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth $1,064,000. Optiver Holding B.V. increased 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 worth $1,140,000 after buying an additional 9,784 shares in the last quarter. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth $90,000. Group One Trading LLC purchased a new position in GraniteShares 2x Long MU Daily ETF during the first quarter worth $41,000. Finally, SBI Securities Co. Ltd. increased its position 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 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.