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

GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,290,382 shares, a decrease of 54.4% from the August 31st total of 11,603,210 shares. Currently, 16.9% of the shares of the stock are short sold. Based on an average trading volume of 4,190,160 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. boosted its holdings in 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 worth $1,140,000 after buying an additional 9,784 shares during the last quarter. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter valued at approximately $41,000. Finally, Mirae Asset Securities USA Inc. acquired a new position in shares of GraniteShares 2x Long MU Daily ETF during the first quarter valued at approximately $1,064,000.

GraniteShares 2x Long MU Daily ETF Stock Performance

MULL traded down $1.38 during midday trading on Monday, hitting $25.03. 5,331,049 shares of the company traded hands, compared to its average volume of 9,756,187. GraniteShares 2x Long MU Daily ETF has a 52-week low of $1.32 and a 52-week high of $43.53. The business has a 50 day simple moving average of $21.29 and a two-hundred day simple moving average of $19.37.

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.