Short Interest in GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) Expands By 226.7%

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 9,860,153 shares, an increase of 226.7% from the July 15th total of 3,017,676 shares. Approximately 34.8% of the company’s stock are sold short. Based on an average daily volume of 10,446,392 shares, the days-to-cover ratio is presently 0.9 days.

GraniteShares 2x Long MU Daily ETF Trading Up 4.7%

Shares of NASDAQ MULL opened at $22.62 on Friday. GraniteShares 2x Long MU Daily ETF has a 12 month low of $0.69 and a 12 month high of $43.53. The stock has a 50 day moving average of $25.55 and a 200-day moving average of $16.01.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long MU Daily ETF during the 1st quarter valued at about $1,064,000. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long MU Daily ETF during the fourth quarter worth approximately $90,000. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long MU Daily ETF by 1,046.4% in 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 in the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long MU Daily ETF in the first quarter worth approximately $41,000. Finally, SBI Securities Co. Ltd. lifted its stake 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 valued at $32,000 after buying an additional 296 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.