GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Sees Large Increase in Short Interest

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,228,997 shares, a growth of 2,805.2% from the June 15th total of 42,303 shares. Based on an average daily trading volume, of 10,190,923 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.9% of the shares of the company are sold short.

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

A number of institutional investors have recently made changes to their positions in MULL. Optiver Holding B.V. boosted its stake in GraniteShares 2x Long MU Daily ETF by 1,046.4% during 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. Group One Trading LLC bought a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $41,000. Mirae Asset Securities USA Inc. bought a new position in GraniteShares 2x Long MU Daily ETF in the 1st quarter worth approximately $1,064,000. Hollencrest Capital Management acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the fourth quarter worth approximately $90,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of 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.

GraniteShares 2x Long MU Daily ETF Stock Down 2.5%

GraniteShares 2x Long MU Daily ETF stock traded down $0.67 on Friday, reaching $25.81. 7,465,380 shares of the stock were exchanged, compared to its average volume of 11,117,883. GraniteShares 2x Long MU Daily ETF has a twelve month low of $0.59 and a twelve month high of $43.53. The firm has a fifty day moving average price of $26.51 and a two-hundred day moving average price of $13.30.

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.